Published on 13 Mar 2024 on Zacks via Yahoo Finance
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is DRDGOLD (DRD) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.
DRDGOLD is one of 237 individual stocks in the Basic Materials sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. DRDGOLD is currently sporting a Zacks Rank of #2 (Buy).