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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.

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Shares of precious metals stocks are trading lower due to a decrease in the price of gold and silver, affecting a broad range of companies in the sector.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 10:51 am

Shares of precious metals companies are trading higher as gold prices increase, positively impacting companies like CDE, DRD, GFI, HL, and HMY.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 11:42 am

Shares of gold companies have seen an increase in trading volume and price as gold prices rise in response to the Federal Reserve's decision to keep interest rates unchanged. This decision typically boosts gold's attractiveness as an investment, leading to positive impacts on gold-related stocks.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:46 pm

Gold has reached a record high, but gold mining stocks like those in the VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ) have not seen significant movement. Economist Peter Schiff predicts a catch-up rally for these stocks and suggests buying them before the market realizes their potential. Schiff also speculates that investors might be selling mining stocks for Bitcoin ETFs, and anticipates gold to open higher at $2,200 if Bitcoin crashes. Additionally, a list of gold stocks to watch is provided, considering the Federal Reserve's potential rate cuts and gold's role as an inflation hedge.

Portfolio Pulse from Shanthi Rexaline

March 10, 2024 | 5:49 pm

Gold prices surged past $2,160 per troy ounce, leading to an 8-session gain streak and outperforming AI-driven semiconductor stocks like NVIDIA Corp. (NVDA) and the iShares Semiconductor ETF (SOXX). The VanEck Gold Miners ETF (GDX) saw a 15% increase since late February, with inflows of over $350 million. Gold miners' attractive valuations and technical signals suggest a potential bull market. Top performing mining stocks include Genesis Minerals Limited (GSISF), Torex Gold Resources Inc. (TORXF), Coeur Mining, Inc. (CDE), OceanaGold Corporation (OCANF), AngloGold Ashanti plc (AU), DRDGOLD Limited (DRD), and Perseus Mining Limited (PMNXF).

Portfolio Pulse from Piero Cingari

March 07, 2024 | 9:30 pm

Gold and silver prices surged to new highs following Fed Chair Jerome Powell's hints at potential rate cuts in 2024, boosting mining stocks and ETFs. The SPDR Gold Trust (GLD) and Invesco DB USD Index Bullish Fund ETF (UUP) experienced significant movements, alongside a rally in mining stocks and ETFs like the VanEck Gold Miners ETF (GDX) and the VanEck Junior Gold Miners ETF (GDXJ).

Portfolio Pulse from Piero Cingari

March 06, 2024 | 5:43 pm

Shares of precious metals stocks, including DRD, EXK, GFI, and MUX, are trading lower despite a rise in gold and silver prices.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 7:00 pm

Shares of precious metals companies are trading lower due to a rise in the US dollar, which was triggered by a greater-than-expected increase in January inflation.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 6:40 pm

Shares of precious metals companies have increased due to their status as safe haven assets amidst macroeconomic uncertainty following military actions by the US and UK against Houthi targets in Yemen.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 2:54 pm

HC Wainwright & Co. analyst Heiko Ihle has maintained a Buy rating on DRDGold (NYSE:DRD) but has reduced the price target from $17 to $13.25.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 11:16 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.