DRDGOLD Ltd. (ADR) (NYSE:DRD)
CAPS Rating:
A gold mining company engaged in underground and surface gold mining, including exploration, extraction, processing and smelting.
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A gold mining company engaged in underground and surface gold mining, including exploration, extraction, processing and smelting.
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This company is based out of South Africa. They specialize in mining of gold, as well as exploration, extraction, processing and smelting. The reason why the stock has positive future prospects is due to the industry in which it is in. Gold prices have been on a bull market for about 10 years. Given the nature of gold as “monetary” metal to hedge against a weakening dollar, gold prices from a fundamental stand point appear to continue on their upward trend. Therefore, gold miners will experience increased earnings due to the potential explosion of gold prices that may take place in the next few years.
PLUS THIS STOCK IS DIRT CHEAP!!!