DRDGOLD Ltd. (DRD) Stock Price Down 12.7%
Shares of DRDGOLD Ltd. (NYSE:DRD) fell 12.7% during trading on Tuesday . The company traded as low as $7.41 and last traded at $7.70, with a volume of 1,341,036 shares changing hands. The stock had previously closed at $8.82.
Separately, JPMorgan Chase & Co. lowered DRDGOLD from a “neutral” rating to an “underweight” rating in a research note on Tuesday.
The company has a market cap of $319.09 million and a price-to-earnings ratio of 53.31. The company’s 50 day moving average price is $5.61 and its 200-day moving average price is $4.19.
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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