DRDGOLD Ltd. (DRD) Trading Up 2.5%
DRDGOLD Ltd. (NYSE:DRD) was up 2.5% on Wednesday . The stock traded as high as $8.80 and last traded at $8.66, with a volume of 417,989 shares trading hands. The stock had previously closed at $8.45.
Separately, JPMorgan Chase & Co. downgraded DRDGOLD from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 12th.
The stock has a market capitalization of $365.46 million and a price-to-earnings ratio of 56.67. The firm’s 50 day moving average is $7.33 and its 200-day moving average is $5.04.
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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