DRDGOLD Ltd. (DRD) Trading 4.2% Higher
DRDGOLD Ltd. (NYSE:DRD) traded up 4.2% during trading on Friday . The stock traded as high as $5.50 and last traded at $5.40, with a volume of 451,577 shares changing hands. The stock had previously closed at $5.18.
Several equities research analysts have commented on the stock. HSBC lowered shares of DRDGOLD from a “buy” rating to a “hold” rating in a report on Tuesday, August 30th. JPMorgan Chase & Co. lowered shares of DRDGOLD from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 12th.
The firm has a market cap of $230.57 million and a P/E ratio of 36.96. The company’s 50 day moving average is $7.52 and its 200-day moving average is $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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