DRDGOLD Ltd. (ADR) (NASDAQ:DROOY)

DROOY has bottomed and if SA electricity is available than this company should do well

18.7 Return on Equity, 1.3% Current Div Yield, 4.3 P/E, 1.2 Current Month Short Interest, 0.80 Price-Book Ratio, 11.0 Return on Assets, 0.09 Debt/Equity, 1.30 Debt/Equity, rising Gross Margin

Current Quarter vs. Prior Year: Current revenue estimate data is unavailable for DROOY.
+26.1%Annualized 5 Year growth rate
Growth Rates
1 Yr 3 Yr 5 Yr
+30.0% +5.3% +26.1%

Positive Speculative Stock

gold

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!!!

Incredible fundamentals and operations for a producing miner, I can't believe how cheaply this is trading.

Good gold producer. Ample reserves, dropped but rising chart. Good price to book.

Sold my GFI stake to move here: think DROOY has better upside potential. Got in below $5 because stocks are getting slammed! A healthy, solid mining company that pays a dividend. OOOOho baby!

It has seen the bottom and is beginning its climb out of the hole.

From base plus benchmark prop teetering.

Just checking on this one.

They had to scale down and may never be able to exploit all of their huge resources, but at the current share price and with their balance improved through asset sales, their above-the-ground ops alone may well save them from limbo. They do have some current issues with the strong Rand and energy scarcity which just means they may be at the bottom of the down cycle. Except if you are bearish on gold, you might like the stock as a hedge for your energy investments. Or maybe play First Uranium.

if this stock is still being dragged down because of exchange rates, well should we expect it to go up because of the USD is on the rise???

I hope on a solution for their blijvoor mine .

DRDGOLD Limited (DRDGOLD) is an unhedged gold producer and has operating gold mines and exploration assets in South Africa. During the fiscal year ended June 30, 2009 (fiscal 2009), the Company produced 247690 ounces and declared Mineral Resources of 56.4 million ounces and Ore Reserves of 6 million ounces. The Company focuses on improving the potential of existing South African underground and surface retreatment operations and expanding surface retreatment activity. Its operating segments include Blyvoor, Crown, ERPM, ErgoGold, Ergo JV and Offshore. The company’s subsidiary is DRDGOLD South African Operations (Pty) Limited (DRDGOLD SA). On March 31, 2009, the Company acquired 35%interest from Mogale Gold (Pty) Limited. On February 28, 2009, DRDGOLD, through its subsidiary, Argonaut Financial Services (Pty) Limited acquired a 50% interest in Witfontein Mining (Pty) Limited.

This miner has been falling over the last 6 months, but it actually has reserves and is producing. With the recent falling price and known reserves it may become a take-over target for a larger miner. BHP was looking at FCX. Maybe some of the gains in the small miners will come from M&A activity.

Easy to spot top on this thing. Too bad there's no options on this thing.

gold is in, big inflation coming

gold mining stocks will soar as the price of gold soars