Shares of DRDGOLD Ltd. (NYSE:DRD) dropped 2.5% on Monday . The company traded as low as $5.95 and last traded at $6.13, with a volume of 259,222 shares traded. The stock had previously closed at $6.29.

Separately, JPMorgan Chase & Co. cut DRDGOLD from a “neutral” rating to an “underweight” rating in a research report on Tuesday, July 12th.

The firm has a 50 day moving average price of $7.83 and a 200-day moving average price of $5.43. The company has a market capitalization of $251.65 million and a P/E ratio of 38.03.

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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