Published on 20 Mar 2024 on Simply Wall St. via Yahoo Finance
Are Strong Financial Prospects The Force That Is Driving The Momentum In DRDGOLD Limited's NYSE:DRD)...
DRDGOLD (NYSE:DRD) has had a great run on the share market with its stock up by a significant 11% over the last month. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Specifically, we decided to study DRDGOLD's ROE in this article.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
View our latest analysis for DRDGOLD