Stock Rating Upgrade
The Value Trend Rating for DRDGold Ltd (NYSE: DRD) improved during the last several trading days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
DRDGold Ltd (NYSE: DRD) stock closed at $9.82 on 7/29/24 after a modest gain of 0.7%. However, exceptionally low trading volume at 45% of normal accompanied the advance. The stock is unchanged during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
DRD is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
DRDGold has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. DRDGold has a slightly negative Appreciation Score of 38 and a neutral Power Rating of 52, and the Low Neutral Value Trend Rating results.
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