DRDGOLD Ltd. (DRD) Trading Up 2.5%
DRDGOLD Ltd. (NYSE:DRD) shares were up 2.5% during trading on Wednesday . The company traded as high as $8.80 and last traded at $8.66, with a volume of 417,989 shares trading hands. The stock had previously closed at $8.45.
Separately, JPMorgan Chase & Co. downgraded shares of DRDGOLD from a “neutral” rating to an “underweight” rating in a research report on Tuesday, July 12th.
The stock has a market capitalization of $357.20 million and a P/E ratio of 55.386. The company’s 50-day moving average price is $7.53 and its 200 day moving average price is $5.09.
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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