Quality Stocks for the Week of January 31, 2025
DRDGold Ltd ($DRD)is a South African gold mining company engaged in the reprocessing of surface gold tailings, including exploration, extraction processing and smelting. DRDGOLD Ltd reported solid operating performance in the first half of fiscal 2025 (ending December 31, 2024), benefiting from a 26% increase in gold prices. The company produced 42,407 ounces of gold in the first quarter of fiscal 2025, an increase of 7% from the previous quarter. DRDGOLD Ltd expressed confidence in its ability to achieve annual production guidance, and expects gold production to reach 155,000 to 165,000 ounces in fiscal 2025.
Buy rating.
Expected target: $13
