Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for DRDGold Ltd (NYSE: DRD) weakened of late. DRD’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
DRDGold Ltd (NYSE: DRD) stock closed at $9.69 on 11/22/24 after a slight gain of 0.1%. However, trading volume in this advance was unusually low at 57% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 2.9% during the last week.
Current PriceTarget Research Rating
DRDGold has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. DRDGold has a poor Appreciation Score of 18 but a good Power Rating of 83, leading to the Neutral Value Trend Rating.
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