Loading, Please wait ...

Please contact us if you would like to upgrade your account to include access to financial models

Please contact us if you would like to upgrade your account to include short term strategies for this stock.

DROOY.O

ISIN: US26152H3012
SEDOL: 2288343

Rating:

HOLD

Target Price:

3.56 USD

Investment Horizon:

6 to 12 months
11th Dec 2008 View Report   Download

Company News Alert

CLICK VIEW REPORT TO READ FREE REPORT

The DRDGOLD Limited (DRD) common stock reached our target price on 10 December 2008, having appreciated significantly since our last update report, driven by a strong increase in rand gold prices and a rally in the FTSE/JSE Africa Gold Mining index over the same period. However, we now believe that the stock’s fundamental upside potential has been exhausted and, therefore, downgrade it from a BUY to a HOLD....

28th Nov 2008 View Report   Download

Company News Alert

CLICK VIEW REPORT TO READ FREE REPORT

DRDGOLD Limited’s (DRD) common stock has increased significantly since our last update report dated 14 November 2008, reflecting a strong increase in the spot price of gold as well as a rally in the FTSE/JSE Africa Gold Mining index over the same period. Going forward, we are optimistic of the company’s future performance given an expansion in its gold production volumes coupled with our expectation of a rise in…

14th Nov 2008 View Report   Download

1Q 09 Update Report

CLICK VIEW REPORT TO READ FREE REPORT

During 1Q 09, DRDGOLD Limited (DRD) reported muted growth in revenues, reflecting a fall in production volumes. Meanwhile, operating and net income declined y-o-y, reflecting higher electricity costs. Although we expect gold prices to decline in the near term, anticipated appreciation of the dollar against the rand should lift average rand gold price realizations during our investment horizon....

27th Oct 2008 View Report   Download

Company News Alert

CLICK VIEW REPORT TO READ FREE REPORT

Reflecting heightened volatility in global equity markets, fueled by recession fears and negative reaction to falling commodity prices, the DRDGOLD Ltd. (DRD) common stock price tumbled by 23.1% on 24 October 2008. Looking ahead, the recent decline in gold prices is expected to impact near term revenues, whereas operating costs are likely to remain high. However, at current levels, we believe the company is fundamentally undervalued....

23rd Oct 2008 View Report   Download

1Q 09 News Alert

CLICK VIEW REPORT TO READ FREE REPORT

On 23 October 2008, DRDGOLD Ltd. (DRD) announced its 1Q 09 results. The top-line increased y-o-y due to higher realized gold prices. However, profitability fell as a result of higher electricity charges. Looking ahead, the recent decline in gold prices is likely to impact the company’s near term revenues, whereas operating costs are expected to remain high. However, at current levels, we believe that the common stock retains funddamental…