DRDGold Ltd Shares Up 3.36 percent on Sep 23
| DRD Stock | USD 9.74 0.22 2.31% |
About 55% of DRDGOLD Limited's shareholders are presently thinking to get in. The current sentiment regarding investing in DRDGOLD Limited ADR stock implies that some traders are interested. 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 |
Shares of DRDGold Ltd surged 3.36 percent in mid-day trading on Sep 23. The stock reached an intraday high of 10.24, before settling at 10.14, up from its
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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.
Cash Per Share
Cash Per Share Comparative Analysis
DRDGOLD Limited is currently under evaluation in cash per share category among its peers. Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
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
| IDR | Idaho Strategic | 3.73 | ||||
| AGI | Alamos Gold | 2.01 | ||||
| HMY | Harmony Gold | 1.32 | ||||
| PAAS | Pan American | 1.15 | ||||
| SSRM | SSR Mining | 1.05 | ||||
| EGO | Eldorado Gold | 0.76 | ||||
| AU | AngloGold Ashanti | 0.61 | ||||
| RGLD | Royal Gold | 0.41 | ||||
| OR | Osisko Gold | 0.36 | ||||
| SA | Seabridge Gold | 0.35 | ||||
| FNV | Franco Nevada | 0.28 | ||||
| GFI | Gold Fields | 0.48 | ||||
| FSM | Fortuna Silver | 0.62 | ||||
| SAND | Sandstorm Gold | 0.69 | ||||
| KGC | Kinross Gold | 0.92 |
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.
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