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Enter Symbol:
 
Drdgold (DRD) [hlAlert]

Rating:
Sector Outperform
DRD
down 71.70 %

Drdgold (DRD) rated Sector Outperform by CIBC Wrld Mkts

Posted on: Tuesday,  Mar 11, 2014  8:25 AM ET by CIBC Wrld Mkts

CIBC Wrld Mkts rated Sector Outperform Drdgold (NYSE: DRD) on 03/11/2014, when the stock price was $4.10.
Since then, Drdgold has lost 71.71% as of 09/14/2015's recent price of $1.16.
If you would have followed this CIBC Wrld Mkts's recommendation on DRD, you would have lost 71.7% of your investment in 552 days.

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.

CIBC World Markets strives to deliver leading edge investment research to investing clients through our multi-faceted, firm-wide research product offering. Our research has consistently been recognized as a top research source for its breadth of coverage, industry knowledge and quality of work in generating profitable and timely investment ideas. We provide in-depth coverage for all of the major sectors of the Canadian economy and select coverage of U.S. companies. Our analytical teams remain committed to identifying trends early and developing exploitable investment opportunities across the market capitalization spectrum. With the continued growth in quantitative and computerized investing strategies, we have also developed leading edge quantitative and technical research products to partner with our fundamental approach. Our products are available through several automated avenues: email, website, and third-party market vendors. Client service is our driving force and we constantly advance in offering greater product customization options.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/11/2014 8:25 AM Buy
None
4.10
as of 10/17/2014
1 Week down  -7.61 %
1 Month up  1.04 %
3 Months up  3.55 %
1 YTD down  -29.02 %

(*) Stock Price at the time of the recommendation.
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