DRDGOLD Ltd. (DRD) Stock Price Up 4.2%
DRDGOLD Ltd. (NYSE:DRD) shares rose 4.2% during trading on Friday . The company traded as high as $5.50 and last traded at $5.40, with a volume of 451,577 shares trading hands. The stock had previously closed at $5.18.
DRD has been the subject of a number of analyst reports. HSBC downgraded shares of DRDGOLD from a “buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. downgraded shares of DRDGOLD from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 12th.
The company has a market capitalization of $230.57 million and a price-to-earnings ratio of 34.84. The company has a 50 day moving average of $7.52 and a 200 day moving average of $5.49.
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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