NYSE:DRDMetals and Mining
Assessing DRDGOLD (NYSE:DRD) Valuation After FTSE All World Index Inclusion
Index inclusion puts DRDGOLD in focus
DRDGOLD (DRD) was recently added to the FTSE All-World Index in US$ terms, an event that can draw in passive index-tracking flows and broaden the shareholder base for the South Africa focused gold producer.
See our latest analysis for DRDGOLD.
The index inclusion comes after a strong 1 year total shareholder return of 99.22%. However, shorter term share price momentum has cooled, with a 30 day share price return showing a 24.14% decline and the stock now...