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Rare earth stocks among most shorted materials firms over $2B market cap
Seeking Alpha News (Tue, 3-Mar 10:37 AM ET)
DRDGold Ltd is a South African gold mining company engaged in surface gold tailings retreatment including exploration, extraction, processing, and smelting. Its reportable operating segments are; Ergo, FWGR, and Corporate office and other reconciling items. The Ergo is a surface gold retreatment operation that treats old slime dams and sand dumps to the south of Johannesburg's central business district as well as the East and Central Rand goldfields, and the FWGR which is a surface gold retreatment operation and treats old slime dams in the West Rand goldfields. The Ergo segment derives a vast majority of the company's revenue.
Drdgold Limited American Depositary Shares trades on the NYSE stock market under the symbol DRD.
As of March 6, 2026, DRD stock price climbed to $32.94 with 209,979 million shares trading.
DRD has a beta of -0.15, meaning it tends to be less sensitive to market movements. DRD has a correlation of 0.00 to the broad based SPY ETF.
DRD has a market cap of $2.85 billion. This is considered a Mid Cap stock.
In the last 3 years, DRD traded as high as $39.37 and as low as $6.48.
The top ETF exchange traded funds that DRD belongs to (by Net Assets): GDXJ, GOAU, DFAX, DFEM, DEXC.
DRD has outperformed the market in the last year with a return of +159.2%, while the SPY ETF gained +16.6%. In the last 3 month period, DRD beat the market returning +13.2%, while SPY returned -1.7%. However, in the most recent 2 weeks DRD has underperformed the stock market by returning -3.2%, while SPY returned -1.8%.
DRD support price is $31.49 and resistance is $34.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DRD shares will trade within this expected range on the day.