We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is DRDGOLD (DRD) Stock Outpacing Its Basic Materials Peers This Year?
Read MoreHide Full Article
Investors focused on the Basic Materials space have likely heard of DRDGOLD (DRD - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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 a member of the Basic Materials sector. This group includes 239 individual stocks and currently holds a Zacks Sector Rank of #4. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. DRD is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for DRD's full-year earnings has moved 307.69% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, DRD has moved about 87.13% on a year-to-date basis. At the same time, Basic Materials stocks have lost an average of 14.39%. This shows that DRDGOLD is outperforming its peers so far this year.
To break things down more, DRD belongs to the Mining - Gold industry, a group that includes 30 individual companies and currently sits at #9 in the Zacks Industry Rank. On average, stocks in this group have gained 28.37% this year, meaning that DRD is performing better in terms of year-to-date returns.
DRD will likely be looking to continue its solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to the company.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is DRDGOLD (DRD) Stock Outpacing Its Basic Materials Peers This Year?
Investors focused on the Basic Materials space have likely heard of DRDGOLD (DRD - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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 a member of the Basic Materials sector. This group includes 239 individual stocks and currently holds a Zacks Sector Rank of #4. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. DRD is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for DRD's full-year earnings has moved 307.69% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, DRD has moved about 87.13% on a year-to-date basis. At the same time, Basic Materials stocks have lost an average of 14.39%. This shows that DRDGOLD is outperforming its peers so far this year.
To break things down more, DRD belongs to the Mining - Gold industry, a group that includes 30 individual companies and currently sits at #9 in the Zacks Industry Rank. On average, stocks in this group have gained 28.37% this year, meaning that DRD is performing better in terms of year-to-date returns.
DRD will likely be looking to continue its solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to the company.