DRDGOLD Ltd. (DRD) Trading Up 3.8%
Shares of DRDGOLD Ltd. (NYSE:DRD) were up 3.8% during mid-day trading on Wednesday . The company traded as high as $7.88 and last traded at $7.86, with a volume of 672,047 shares changing hands. The stock had previously closed at $7.57.
Separately, JPMorgan Chase & Co. downgraded shares of DRDGOLD from a “neutral” rating to an “underweight” rating in a report on Tuesday.
The stock has a market capitalization of $330.90 million and a price-to-earnings ratio of 55.2824. The firm’s 50-day moving average is $5.68 and its 200-day moving average is $4.22.
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.