DRDGOLD (DRD) Upgraded to Strong Buy: What Does It Mean for the Stock?
DRDGOLD (DRD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Is DRDGOLD Limited (DRD) Outperforming Other Basic Materials Stocks This Year?
Here is how DRDGOLD (DRD) and Hecla Mining (HL) have performed compared to their sector so far this year.
DRDGOLD: Profitability Is Improving. An Attractive Dip May Not Be Far Off (Rating Upgrade)
DRDGOLD Limited receives a "Buy" rating due to expected bullish gold prices, increased production, and lower operating costs from new waste recycling assets. The company's solid balance sheet, with significant cash reserves and minimal debt, supports its growth projects and profitability. DRD shares are currently trading not high but may dip due to potential slower Fed rate cuts, impacting gold prices negatively.
DRDGOLD: Why I'm Sticking With My Bullish Outlook
DRDGOLD Limited's stock has delivered mixed returns amid a volatile operating environment. However, numerous inflection points have emerged. Despite experiencing lower production yields, DRDGOLD's full-year results were telling. The company's revenue grew by 14% to approximately $356 million, and its operating income increased in tandem. I hold a bullish view on Gold prices amid U.S. dollar weakness and economic tail risk.
DRDGold Has Steam, But Better From A Dip
The company holds significant gold reserves and resources, with a focus on Ergo and FWGR segments in the Witwatersrand Basin in the Gauteng province of South Africa. The outlook is promising with bullish gold prices and a positive impact on throughput from the recent commissioning of tailings reprocessing assets. This analysis re-assigns a Hold rating to DRDGOLD Limited shares.
Are Basic Materials Stocks Lagging DRDGOLD Limited (DRD) This Year?
Here is how DRDGOLD (DRD) and Ecolab (ECL) have performed compared to their sector so far this year.
Is DRDGOLD Limited (DRD) Stock Outpacing Its Basic Materials Peers This Year?
Here is how DRDGOLD (DRD) and DuPont de Nemours (DD) have performed compared to their sector so far this year.
