DRD Stock Summary and Trading Ideas (Drdgold Limited American Depositary Shares | NYSE:DRD)

DRDGold Ltd is a South African gold mining company engaged in surface gold tailings retreatment including exploration, extraction, processing, and smelting. It has two operating segments: the Ergo which is a surface gold retreatment operation that treats old slime dams and sand dumps to the south of Johannesburg's central the business district as well as the East and Central Rand goldfields; and the FWGR which is a surface gold retreatment operation and treats old slime dams in the West Rand goldfields. The Ergo segment derives a vast majority of the revenue.

Drdgold Limited American Depositary Shares trades on the NYSE stock market under the symbol DRD.

As of April 23, 2024, DRD stock price climbed to $7.92 with 131,580 million shares trading.

DRD has a beta of 0.65, meaning it tends to be less sensitive to market movements. DRD has a correlation of 0.03 to the broad based SPY ETF.

DRD has a market cap of $679.52 million. This is considered a Small Cap stock.

In the last 3 years, DRD stock traded as high as $13.85 and as low as $4.66.

The top ETF exchange traded funds that DRD belongs to (by Net Assets): GDX, GDXJ, DFEV, DFAE, DFSE.

DRD has underperformed the market in the last year with a price return of -18.0% while the SPY ETF gained +24.0%. However, in the short term, DRD had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.6% vs +4.7% return in SPY. But in the last 2 weeks, DRD shares have been beat by the market, returning -9.6% compared to an SPY return of -2.8%.

DRD support price is $7.63 and resistance is $8.19 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DRD stock will trade within this expected range on the day.