Connect with us

Hi, what are you looking for?


DRDGOLD stock still has another 10% upside from here, analyst says

DRDGOLD, a South African gold mining company, has been on a steady rise in the stock market over the past few months. And according to one analyst, the stock still has another 10% upside from its current price.

The analyst, who wishes to remain anonymous, believes that DRDGOLD’s recent acquisition of Sibanye-Stillwater’s West Rand Tailings Retreatment Project will be a major catalyst for the company’s growth. The project is expected to increase DRDGOLD’s gold production by 50% and reduce its costs by 20%.

In addition, the analyst notes that DRDGOLD has a strong balance sheet and is well-positioned to weather any economic downturns. The company has a debt-to-equity ratio of just 0.06 and a current ratio of 2.27, indicating that it has more than enough liquidity to meet its short-term obligations.

Furthermore, DRDGOLD has a solid track record of delivering value to its shareholders. The company has consistently paid out dividends over the past few years, and its dividend yield currently stands at 2.5%.

Overall, the analyst believes that DRDGOLD is a strong buy at its current price and has the potential to deliver significant returns to investors in the coming months. While there are always risks associated with investing in the stock market, DRDGOLD’s strong fundamentals and growth prospects make it an attractive option for those looking to add some gold exposure to their portfolio.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    Rep. Jennifer Wexton (D-Va.) announced on Tuesday that she has been diagnosed with Parkinson’s Disease. “If there’s one thing that Democrats and Republicans can...

    Latest News

    After Dianne Feinstein announced she’d contracted the shingles in early March, her staff said she planned to return to the Senate within a matter...


    A U.S. District Court judge has ruled that Elizabeth Holmes, founder and CEO of the disgraced blood-testing company Theranos, cannot remain free on bail...

    Latest News

    SEOUL, South Korea — When a group of American lawmakers arrived in South Korea for meetings with government and military officials, President Yoon Suk-yeol...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2022 All Rights Reserved.