DRDGold Ltd (NYSE: DRD) stock closed at $8.69 on 8/22/24 after a major decline of -10.2%. Moreover, this decline was accompanied by exceptionally high trading volume at 239% of normal. Relative to the market the stock has been strong over the last nine months but has declined -7.6% during the last week.
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 (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. DRDGold has a slightly negative Appreciation Score of 37 but a good Power Rating of 76, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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