Published On: Thu, Sep 8th, 2016

DRDGOLD Ltd. (DRD) Stock Price Down 4.6%

DRDGOLD Ltd. (NYSE:DRD) shares dropped 4.6% on Wednesday . The company traded as low as $5.55 and last traded at $5.62, with a volume of 303,168 shares changing hands. The stock had previously closed at $5.89.
A number of analysts have issued reports on the company. JPMorgan Chase & Co. lowered DRDGOLD from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 12th. HSBC lowered DRDGOLD from a “buy” rating to a “hold” rating in a report on Tuesday, August 30th.
The firm has a market cap of $237.74 million and a PE ratio of 35.92. The stock’s 50 day moving average price is $7.52 and its 200-day moving average price is $5.55.
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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