Are Strong Financial Prospects The Force That Is Driving The Momentum In DRDGOLD Limited's NYSE:DRD) Stock? [Yahoo! Finance]
DRDGOLD Limited American Depositary Shares (DRD)
US:NYSE Investor Relations:
drdgold.com/investors-and-media
Company Research
Source: Yahoo! Finance
Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Specifically, we decided to study DRDGOLD's ROE in this article. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. View our latest analysis for DRDGOLD How To Calculate Return On Equity? The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for DRDGOLD is: 21% = R1.3b ÷ R6.3b (Based on the trailing twelve months to December 2023). The 'return' is the income the business earned over the last year. That means that for every $1 worth of shareholders' equity, the company generated $0.21 in profit. What Is The Relationship B
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News
- DRDGold Should Have A Strong Second Half Of FY24 [Seeking Alpha]Seeking Alpha
- DRDGOLD Limited (NYSE: DRD) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Are Basic Materials Stocks Lagging DRDGOLD Limited (DRD) This Year? [Yahoo! Finance]Yahoo! Finance
- Those who invested in DRDGOLD (NYSE:DRD) five years ago are up 469% [Yahoo! Finance]Yahoo! Finance
- Is DRDGOLD Limited (DRD) Stock Outpacing Its Basic Materials Peers This Year? [Yahoo! Finance]Yahoo! Finance
DRD
Sec Filings
- 3/22/24 - Form SD
- 2/14/24 - Form 6-K
- 2/9/24 - Form 6-K
- DRD's page on the SEC website