DRDGOLD Shares Gap Up Should You Buy?

DRD Stock  USD 8.62  0.09  1.03%   
About 61% of DRDGOLD Limited's investor base is looking to short. The current sentiment regarding investing in DRDGOLD Limited ADR stock implies that many traders are alarmed. The current market sentiment, together with DRDGOLD Limited's historical and current headlines, can help investors time the market. In addition, many technical investors use DRDGOLD Limited ADR stock news signals to limit their universe of possible portfolio assets.
  
DRDGOLD Limited s share price gapped up prior to trading on Friday . The stock had previously closed at 8.74, but opened at 8.92. DRDGOLD shares last traded at 8.97, with a volume of 44,932 shares changing hands. Analysts Set New Price Targets Several research analysts have recently issued reports on

Read at thelincolnianonline.com
news
  

DRDGOLD Limited Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards DRDGOLD Limited can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

DRDGOLD Limited Fundamental Analysis

We analyze DRDGOLD Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of DRDGOLD Limited using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of DRDGOLD Limited based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Net Income

Net Income Comparative Analysis

DRDGOLD Limited is currently under evaluation in net income category among its peers. Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

DRDGOLD Limited ADR Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with DRDGOLD Limited stock to make a market-neutral strategy. Peer analysis of DRDGOLD Limited could also be used in its relative valuation, which is a method of valuing DRDGOLD Limited by comparing valuation metrics with similar companies.

Peers

DRDGOLD Limited Related Equities

SSRMSSR Mining   2.45   
0%
84.0%
FNVFranco Nevada   1.13   
0%
38.0%
KGCKinross Gold   1.07   
0%
36.0%
SASeabridge Gold   1.02   
0%
35.0%
PAASPan American   0.68   
0%
23.0%
SANDSandstorm Gold   0.56   
0%
19.0%
FSMFortuna Silver   0.23   
0%
7.0%
AGIAlamos Gold   0.16   
5.0%
0%
OROsisko Gold   0.27   
9.0%
0%
RGLDRoyal Gold   0.58   
20.0%
0%
HMYHarmony Gold   0.60   
20.0%
0%
EGOEldorado Gold   0.92   
31.0%
0%
AUAngloGold Ashanti   1.00   
34.0%
0%
IDRIdaho Strategic   1.75   
60.0%
0%
GFIGold Fields   2.90   
100.0%
0%

Complementary Tools for DRDGOLD Stock analysis

When running DRDGOLD Limited's price analysis, check to measure DRDGOLD Limited's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DRDGOLD Limited is operating at the current time. Most of DRDGOLD Limited's value examination focuses on studying past and present price action to predict the probability of DRDGOLD Limited's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DRDGOLD Limited's price. Additionally, you may evaluate how the addition of DRDGOLD Limited to your portfolios can decrease your overall portfolio volatility.
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings