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DRD Gold Ltd (JSE: DRD) | SHARE PRICE

Nigel Firth
Nigel Frith trader
Updated 24 May 2024

DRD Gold Ltd is a gold mining company listed on the Johannesburg Stock Exchange (JSE) involved in surface gold tailings retreatment including exploration, extraction, processing, and smelting.

 

What is DRD Gold Ltd

DRD Gold Ltd has a network of assets and, with its consolidated businesses operating as a single entity, is focused on optimising these assets in order to increase gold production with two operating segments.

The company is listed on the New York Stock Exchange too.

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DRD Gold Ltd

DRD Gold Ltd is focused on the recovery of lower-risk, higher-margin ounces primarily from its metallurgical plant located east of Johannesburg in Brakpan. DRD Gold Ltd owns almost 100% of its holding company, Ergo Mining Operations Proprietary Limited (EMO) which has a vast footprint adjacent to Johannesburg with assets covering an area of approximately 62 kilometers from east to west and over 25 kilometers from north to south.

The Ergo operation has over two metallurgical plants in operation, the Knights plant in Germiston and The Ergo plant. The Company also owns the West Rand Tailings Retreatment Project (WTRP).

The history of DRD Gold Ltd can be traced back to 16 February 1895 when it was incorporated and today, DRD Gold Ltd has a diversified portfolio of products and services in more sectors of the mining value chain that involves the recovery of gold metal from the retreatment of surface tailings.

DRD Gold Ltd's equity stocks are for sale online on the Johannesburg Stock Exchange (JSE) under the stock symbol DRD.

DRD Gold Ltd has its headquarters at Constantia Office Park, Cnr 14th Avenue and Hendrik Potgieter Road, Cycad House, Building 17, 1709.

The current CEO of DRD Gold Ltd is Daniel Johannes Pretorius.

DRD Gold Ltd forms part of the Mining Industry and the Basic Materials Sector of the Johannesburg Stock Exchange (JSE).

DRD Gold Ltd

DRD Gold Ltd Stock Performance

The current price for DRD Gold Ltd stocks on the Johannesburg Stock Exchange (JSE) is 13.33 ZAR.

DRD stocks closed a recent trading day (19 October 2021) at 13.34 ZAR per share on the Johannesburg Stock Exchange (JSE), experiencing a 0.1% drop from its previous closing price of 13.35 ZAR.

An analysis of financial data of DRD Gold Ltd showed that the company has a total market capitalisation of 11.5 Billion ZAR, with a Price/Earning ratio of 7.92 and earnings per share of 1.6840 ZAR. The dividend per share of DRD was 0.80 ZAR and its dividend yield was 6%.  A total of 865 Million shares were outstanding.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell DRD Gold Ltd stocks can be assured of lucrative dividends and earnings in times to come.

According to an analysis on the live chart of DRD Gold Ltd, analysts forecast further improved performance for the basic materials sector with market share growing as trading volumes increase.

Highlights of DRD Gold Ltd in 2021

DRD Gold Ltd started the current financial year (2021) with a share price of 17.97 ZAR on the Johannesburg Stock Exchange (JSE), and it has lost 25.8 % in value on its price valuation, ranking 407th on the JSE where its year-to-date performance is concerned.

DRD Gold Ltd is currently the 80th most-traded stock on the JSE and it has experienced a total trading volume of more than 68 million shares, which were finalised in 43,604 deals and were valued at a total of 912 million ZAR over the recent three month period from 22 July to 17 October 2021, with an average of 1.08 million shares in each trading session.

During the same period a volume high of 5.96 million was achieved on 13 October and a low of 227,410 on 3 August.

How to buy DRD Gold Ltd stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders' participating daily. To buy, sell or trade DRD Gold Ltd stocks on the Johannesburg Stock Exchange (JSE), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “DRD”.
  2. Select a forex broker that offers access to the Johannesburg Stock Exchange (JSE).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.

FAQs

The Johannesburg Stock Exchange (JSE) was founded in 1887 during the first South African gold rush. Today it is the principal stock exchange of South Africa and the largest exchange on the continent.

The Johannesburg Stock Exchange is located in Sandton, Johannesburg and is described as the engine room of the South African economy, with the main purpose of facilitating the raising of primary capital for listed companies while improving job opportunities and wealth creation by providing an orderly market for dealing in securities for investors.

The JSE upgraded to electronic trading in 1996, and in 2005, demutualized and listed on its own exchange.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.