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 15, 2024, DRD stock price declined to $8.38 with 349,370 million shares trading.

DRD has a beta of 0.77, 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 $718.98 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 stock has underperformed the market in the last year with a return of -9.9%, while SPY returned +25.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in DRD shares. However, DRD has outperformed the market in the last 3 month and 2 week periods, returning +9.5% and +2.2%, while SPY returned +6.2% and -3.6%, respectively. This indicates DRD has been having a stronger performance recently.

DRD support price is $8.13 and resistance is $8.77 (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.