- The company has been paying dividends for 14 consecutive years and recently declared a final dividend of $0.2824 per ADR.
- Its balance sheet is strong, gold reserves are over 5.7 Moz and the production profile of FWGR can expand significantly.
- DRDGOLD is also moving into solar power and could enter the battery metals space.
- The company is known as Roodepoort Rocket due to the strong correlation between its market capitalization and gold prices.
- In light of this, I view DRDGOLD as a speculative buy.
For further details see:
DRDGOLD Has A Dividend Yield Of Over 6.5% And Is Starting To Look Really Cheap