An analyst sees good growth prospects for DRDGold Ltd. ADR (DRD)

With 0.66 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.27 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $8.795 whereas the lowest price it dropped to was $8.39. The 52-week range on DRD shows that it touched its highest point at $10.82 and its lowest point at $6.48 during that stretch. It currently has a 1-year price target of $9.98. With its current market cap of 732.28 million, DRD has annualized dividend of $0.45 while the current yield stands at 5.27%. Beta for the stock currently stands at 1.18.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DRD was down-trending over the past week, with a drop of -13.53%, but this was down by -12.82% over a month. Three-month performance dropped to -3.41% while six-month performance rose 25.37%. The stock lost -18.74% in the past year, while it has gained 6.92% so far this year. A look at the trailing 12-month EPS for DRD yields 0.82 with Next year EPS estimates of 1.02. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 150.85%.

Float and Shares Shorts:

At present, 86.15 million DRD shares are outstanding with a float of 86.05 million shares on hand for trading. On 2024-07-31, short shares totaled 1.2 million, which was 122.00001 higher than short shares on 1719532800. In addition to Mr. Daniel Johannes Pretorius B.Proc., L.L.M., LLB as the firm’s CEO & Executive Director, Mr. Adriaan Jacobus Davel BCom (Hons), CA (SA), M.Com. serves as its CFO & Executive Director.

Institutional Ownership:

Through their ownership of 0.12857 of DRD’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DRD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.