Commodities
DRDGOLD Stock Tumbles Amid Gold Price Rally
DRDGOLD stock slipped by 0.50% to close at $25.98 on September 18, 2026, as the gold price remained near a record high of $4,379 per troy ounce.
The company's shares traded within a narrow range between $25.95 and $26.29 before settling at the lower end, which is roughly one third below its 52-week high of $39.37.
DRDGOLD, a South African gold tailings retreatment facility operator, is highly sensitive to fluctuations in the gold price, which currently supports revenue but puts pressure on margins due to factors like power costs and labor inflation.