DRD GOLD is a South African gold mining company engaged in surface gold tailings retreatment, including exploration, extraction, processing and smelting. Co. is focused on the gold tailings deposits situated within the city boundaries of Johannesburg and its suburbs and the far west rand of the province of Gauteng. Co.'s operations primarily consist of Ergo and Far West Gold Recoveries Proprietary Limited. Co.'s Ergo operations include the Crown Gold Recoveries Proprietary Limited operations. All of Co.'s operations are conducted in South Africa. We show 1 historical shares outstanding datapoints in our DRD shares outstanding history coverage, used to compute DRD market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing DRD market cap history over the course of time is important for investors
interested in comparing DRD's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of DRD versus a peer is one thing; comparing
DRD market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like DRD can fluctuate over the course of history.
With this page we aim to empower investors researching DRD by allowing them to research the DRD market cap history. |
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Video: The Importance of Market Cap
