Recent extremely meaningful positive changes in investment behavior have benefitted DRDGold Ltd (NYSE: DRD): the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and the stock rose on very heavy volume.
DRDGold Ltd (NYSE: DRD) has recently enjoyed minimal positive changes in fundamentals: the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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 inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. DRDGold has a neutral Appreciation Score of 41 but a good Power Rating of 75, triggering the High Neutral Value Trend Rating.
Recent Price Action
On 9/20/24, DRDGold Ltd (NYSE: DRD) stock enjoyed a large increase of 2.5%, closing at $9.81. Moreover, exceptionally high trading volume at 681% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 18.8% during the last week.
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