DRDGOLD Ltd. (NYSE:DRD) shares dropped 4.1% during mid-day trading on Thursday . The stock traded as low as $7.87 and last traded at $8.04, with a volume of 626,709 shares. The stock had previously closed at $8.38.

Separately, JPMorgan Chase & Co. cut shares of DRDGOLD from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 12th.

The stock has a 50-day moving average of $6.69 and a 200 day moving average of $4.71. The stock has a market capitalization of $349.86 million and a price-to-earnings ratio of 56.85.

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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