DRDGOLD Ltd. (DRD) Trading Down 2.5%
DRDGOLD Ltd. (NYSE:DRD)’s share price traded down 2.5% during mid-day trading on Monday . The stock traded as low as $5.95 and last traded at $6.13, with a volume of 259,222 shares. The stock had previously closed at $6.29.
Several equities analysts have issued reports on the company. HSBC lowered DRDGOLD from a “buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. lowered DRDGOLD from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 12th.
The stock has a market cap of $220.45 million and a P/E ratio of 33.31. The stock has a 50-day moving average of $7.66 and a 200 day moving average of $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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