DRDGOLD Ltd. (DRD) Shares Up 3.8%
DRDGOLD Ltd. (NYSE:DRD)’s share price shot up 3.8% during mid-day trading on Thursday . The company traded as high as $7.48 and last traded at $7.33, with a volume of 338,966 shares trading hands. The stock had previously closed at $7.06.
Separately, JPMorgan Chase & Co. downgraded shares of DRDGOLD from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 12th.
The firm has a market capitalization of $306.02 million and a PE ratio of 49.39. The firm’s 50-day moving average is $6.15 and its 200-day moving average is $4.43.
DRDGOLD Limited is a surface gold tailings retreatment company. The Company operates in the central Witwatersrand (Wits) basin in Gauteng province and recovers gold from tailings. Ergo Mining Proprietary Limited (Ergo) is the Company’s operating entity. Ergo is a surface retreatment operator. Ergo’s assets cover an area approximately 62 kilometers from east to west and 25 kilometers from north to south.
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