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DRD at 33.89 is trading on a thin margin given gold's volatility, but the dividend yield is keeping it interesting for income players. Cost pressures in the sector remain a real headwind though, so you're essentially betting on either a sustained gold price spike or management ex
DRD at R34.20 is trading at reasonable multiples for a gold producer with decent free cash flow, but the real question is whether management can keep costs flat while the rand weakens. If they execute on the operational roadmap without major capex surprises, there's upside; if ma
DRD at R33.95 trades at a notable discount to AngloGold Ashanti on a P/E basis, though the yield story is murkier given DRD's lower dividend consistency. The spread could tighten if gold production improves, but AngloGold's scale and hedging capacity keep it the safer play for mo
Gold's had a decent run but DRD's still limping at R37.63, which tells you the market doesn't trust the turnaround story yet. Underground costs are brutal and rand weakness only helps so much when your all-in sustaining costs are where they are. Reckon you need to see actual margin expansion in the numbers before the big money shows up.
DRD sitting at R37.63 but the real question is what happens with those deeper shafts they're working on. Gold price has been decent, costs are the killer though. Need to see actual production numbers improve or a new deal announced, otherwise just treading water like most SA gold stocks.
after reading the md&a, the all-in sustaining costs are the story here. if gold stays above 2400 usd we're printing cash but the rand weakness is masking how tight margins actually are on the deep shafts. anglogold and harmony both trading way ahead on better grades, drd's still fighting the cost curve. longer term play if they can get exploration right but not seeing the catalyst yet.
DRD's sitting on some decent ground but the rand strength vs gold price is always gonna be a headwind for SA miners. At R37.63 last close you're getting some value if the hedge book holds up, but underground ops in that region are capital heavy and electricity costs are eish right now. Long term play if you believe gold stays bid and they keep costs down.
DRD down nearly 3% today while spot gold holding firm, so this looks more like profit-taking than sector weakness. Compare that to AngloGold trading closer to fair value on its fundamentals and you wonder if DRD's valuation hasn't caught up yet on the recovery play.
DRD sitting flat at 36 cents with that minuscule yield hardly compensating for the operational risks in the gold space right now. Revenue growth has been patchy and the balance sheet needs watching, so I'm not convinced the upside justifies the volatility until we see some tangib
DRD sitting at R39.60 and people panicking about short term noise, meanwhile the rand keeps weakening which is lekker for gold exporters. Company's got real assets in the ground, not vaporware, so long as gold stays above 2k usd we're printing cash here. Bears want it cheaper, don't blame them but the fundamentals aren't broken just cos the market's being moody.
good morning everyone, drd sitting at r39.60 with gold hitting those higher levels but the stock hasn't followed like anglogold or sibanye would. underground ops in sa mean higher costs when rand weakens, that's the drag nobody talks about. if gold stays above 2k usd the math works but we're waiting to see if they can actually pull production numbers next quarter.
Gold price holding up but DRD's just treading water at R39.60, margins getting squeezed on the rand weakness everyone's been crying about. Underground ops are expensive when your costs spike and the metal doesn't move, so unless they find another lekker reef or cut deep on capex, hard to see what moves the needle here.
GOLD PRICE SITTING NEAR 2500 USD AN OUNCE AND DRD STILL TRADING AT R39.60, THATS CRIMINAL!! ANGLOGOLD AND HARMONY BOTH RAN HARD WHEN BULLION MOVED, DRD PRODUCTION COSTS ARE LOWER THAN MOST OF THESE GUYS AND THEYRE SITTING HERE. BEST IS YET TO COME!!
DRD pushing through 38 rand on decent volume this morning, up 4.5 percent. Trading at a decent discount to AngloGold Ashanti's valuation multiples while the gold price stays firm, so the upside looks interesting if this momentum holds.
DRD sitting at R37.02 feels like the market's forgotten what decent underground gold assets are worth. Compare that to what Harmony or Gold Fields trade on, and you're getting a real discount on per-ounce reserves here. The rand weakness should be working in management's favour too, but execution on the newer shafts will be everything. Positioned perfectly if they can just show steady production through the next cycle.
Gold's been strong but DRD stuck at R37.02, that's the problem. Other gold guys moving harder when spot jumps. Underground ops are expensive, margins tight compared to what Harmony or AngloGold can do with their scale. Long term play if rand keeps tanking but short term looking flat.
DRD sitting at R39.33 today is still trading well below its pre-2020 peaks, which tells you something about how the market views its operational headwinds and reserve depletion challenges. Long-term, you're betting on either a meaningful gold price breakout or a major operational
Do you think the rand weakness is helping DRD or just masking the fact that grades are dropping. Gold price is up but their stuff keeps getting more expensive to pull out of the ground, ngl.
Current R 34,60 — 50% of range
Fundamentals sourced from JSE disclosures. Updated quarterly.