DRDGOLD Ltd. (DRD) Stock Price Down 2.1%
DRDGOLD Ltd. (NYSE:DRD)’s share price fell 2.1% during mid-day trading on Monday . The company traded as low as $8.32 and last traded at $8.34, with a volume of 216,823 shares changing hands. The stock had previously closed at $8.52.
Separately, JPMorgan Chase & Co. cut shares of DRDGOLD from a “neutral” rating to an “underweight” rating in a research note on Tuesday, July 12th.
The firm has a market cap of $351.55 million and a PE ratio of 54.51. The stock’s 50-day moving average price is $7.71 and its 200 day moving average price is $5.20.
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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