Published on 1 Oct 2023 on Simply Wall St. via Yahoo Finance
DRDGOLD Limited's (NYSE:DRD) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The...
It is hard to get excited after looking at DRDGOLD's (NYSE:DRD) recent performance, when its stock has declined 22% over the past month. However, stock prices are usually driven by a company’s financial performance over the long term, which in this case looks quite promising. 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 simpler terms, it measures the profitability of a company in relation to shareholder's equity.
View our latest analysis for DRDGOLD