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Media stories about DRDGOLD Limited (NYSE:DRD) have trended somewhat positive on Monday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. DRDGOLD Limited earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 46.2098347992728 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of DRDGOLD Limited (NYSE:DRD) remained flat at $3.08 during mid-day trading on Monday. 95,613 shares of the company traded hands. The firm has a 50-day moving average of $3.13 and a 200-day moving average of $4.36. The stock has a market capitalization of $129.99 million, a price-to-earnings ratio of 36.24 and a beta of -1.96. DRDGOLD Limited has a 52-week low of $2.84 and a 52-week high of $8.80.
Separately, HSBC Holdings plc upgraded DRDGOLD Limited from a “reduce” rating to a “hold” rating in a report on Monday, May 15th.
About DRDGOLD Limited
DRDGOLD Limited is a gold mining company. The Company is engaged in gold production by tailings retreatment. The Company is focused on the recovery of lower-risk, higher-margin ounces primarily from its metallurgical plant located approximately 50 kilometers east of Johannesburg in Brakpan. The Company owns approximately 100% of its holding company, Ergo Mining Operations Proprietary Limited (EMO).
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