Van ECK Associates Corp Has 63.83 Million Stock Holdings in DRDGOLD Limited
DRD Stock | USD 9.45 0.29 2.98% |
About 61% of DRDGOLD Limited's investor base is looking to short. The current sentiment regarding investing in DRDGOLD Limited ADR stock implies that many traders are alarmed. 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 |
Van ECK Associates Corp increased its position in shares of DRDGOLD Limited by 24.2 percent in the third quarter, HoldingsChannel reports. The firm owned 6,621,470 shares of the basic materials companys stock after purchasing an additional 1,291,541 shares during the period. Van ECK Associates Corp owned approximately 0.08 percent of DRDGOLD worth 63,831,000
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DRDGOLD Limited Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards DRDGOLD Limited can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
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.
Gross Profit
Gross Profit Comparative Analysis
DRDGOLD Limited is currently under evaluation in gross profit category among its peers. Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
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
RGLD | Royal Gold | 0.74 | ||||
FNV | Franco Nevada | 1.02 | ||||
AU | AngloGold Ashanti | 1.24 | ||||
OR | Osisko Gold | 1.24 | ||||
EGO | Eldorado Gold | 1.31 | ||||
AGI | Alamos Gold | 1.54 | ||||
KGC | Kinross Gold | 1.85 | ||||
SSRM | SSR Mining | 1.89 | ||||
GFI | Gold Fields | 2.48 | ||||
SA | Seabridge Gold | 2.50 | ||||
PAAS | Pan American | 2.87 | ||||
HMY | Harmony Gold | 2.94 | ||||
SAND | Sandstorm Gold | 2.94 | ||||
FSM | Fortuna Silver | 5.02 | ||||
IDR | Idaho Strategic | 5.39 |
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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