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

9.28

Mkt cap

795M

Volume

336K

High

9.43

P/E Ratio

10.99

52-wk high

12.70

Low

9.16

Div yield

0.01

52-wk low

6.48

Gold stocks are experiencing a rise in share prices following the Federal Reserve's decision to cut interest rates by 50 basis points, which has positively influenced overall market sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:08 pm

Shares of precious metal companies are declining as gold prices drop. This is influenced by August's ISM Manufacturing PMI data showing economic contraction and upcoming non-farm payrolls data, which could impact future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:56 pm

HC Wainwright & Co. has maintained a Buy rating on DRDGold but lowered its price target from $15.5 to $13.25.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:22 am

Shares of precious metals stocks are trading lower as gold and silver fall despite overall market uncertainty.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:07 pm

Shares of gold companies are trading lower due to a pullback following recent strength as Treasury yields rise.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:23 pm

Gold prices hit a new all-time high, driven by expectations of a Fed rate cut in September. This surge has positively impacted gold mining stocks, with the VanEck Gold Miners ETF (GDX) reaching its highest level since April 2022. Bank of America predicts strong earnings for gold miners, suggesting potential increases in dividends and share buybacks.

Portfolio Pulse from Piero Cingari

July 16, 2024 | 8:02 pm

Shares of gold stocks are trading higher amid trader optimism that the Fed will cut rates.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 3:19 pm

HC Wainwright & Co. analyst Heiko Ihle maintains a Buy rating on DRDGold (NYSE:DRD) and raises the price target from $13.25 to $15.5.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:44 pm

Newmont Corp. (NYSE:NEM) shares surged 13% after reporting Q1 2024 earnings that exceeded expectations, with a 38% increase in EPS and a 50% rise in revenue from the previous year. This performance sparked a rally in the gold mining sector, with the VanEck Gold Miners ETF (NYSE:GDX) and the VanEck Junior Gold Miners ETF (NYSE:GDXJ) also seeing gains. Other gold miners like Buenaventura Mining Company Inc. (NYSE:BVN), DRDGOLD Limited (NYSE:DRD), and AngloGold Ashanti plc (NYSE:AU) among others, reported significant one-day market gains.

Portfolio Pulse from Piero Cingari

April 25, 2024 | 6:38 pm

Shares of precious metals stocks are trading lower due to a retreat in gold and silver prices from their recent highs.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:16 am

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