Streetbeat News

DRD

DRDGOLD Limited

https://www.drdgold.com

Industry

Gold

DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. The company is involved in the exploration, extraction, processing, and smelting activities. It recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. The company was incorporated in 1895 and is headquartered in Johannesburg, South Africa. DRDGOLD Limited operates as a subsidiary of Sibanye Gold Limited.

Open

9.44

Mkt cap

796M

Volume

244K

High

9.53

P/E Ratio

10.62

52-wk high

12.70

Low

9.22

Div yield

0.02

52-wk low

6.48

DRDGOLD Limited has been upgraded to a 'Buy' rating due to expected bullish gold prices, increased production, and lower operating costs from new waste recycling assets. The company has a strong balance sheet with significant cash reserves and minimal debt, supporting its growth projects and profitability. However, DRD shares may dip due to potential slower Fed rate cuts, which could negatively impact gold prices.

Portfolio Pulse from

December 10, 2024 | 3:45 pm

DRDGOLD Limited will participate in the 121 Mining Investment Conference in Dubai, where Niël Pretorius will present the company's recent and future activities.

Portfolio Pulse from

November 19, 2024 | 1:15 pm

DRDGOLD announced its participation in the 121 Mining Investment Conference in London, where CEO Niël Pretorius will present the company's recent and future activities.

Portfolio Pulse from

November 14, 2024 | 1:15 pm

Shares of gold and silver companies are experiencing an uptick due to increased demand for precious metals, driven by macroeconomic uncertainty related to the Middle East conflict and the upcoming US presidential election.