Randgold Resources Limited (NASDAQ:GOLD) has climbed 0.15% in the past week and advanced 6.21% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.35% and the outperformance has advanced to 5.24% for the last 4 weeks period.
Randgold Resources Limited (NASDAQ:GOLD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $95.10 and $93.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $95.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $94.87, notching a gain of 0.33% for the day. The total traded volume was 1,701,677 . The stock had closed at $94.56 on the previous day.
The company shares have rallied 35.35% from its 1 Year high price. On May 2, 2016, the shares registered one year high at $101.60 and the one year low was seen on Sep 14, 2015. The 50-Day Moving Average price is $90.24 and the 200 Day Moving Average price is recorded at $81.94.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Citigroup downgrades its rating on Randgold Resources Limited (NASDAQ:GOLD).The analysts at the brokerage house have a current rating of Sell on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on May 5, 2016. Institutional Investors own 40.59% of Randgold Resources Limited shares.
Randgold Resources Limited is engaged in the exploration and development of gold deposits in Sub-Saharan Africa. The Company in Mali, West Africa, operates mines, such as Morila, Loulo and Gounkoto. The Company owns 50% of Morila Limited, which in turn owns 80% of Morila. It has an 80% controlling interest in the Loulo mine, through Societe des Mines de Loulo SA (Loulo). The Company has an 80% controlling interest in the Gounkoto mine through Societe des Mines de Gounkoto SA (Gounkoto). It operates Tongon gold mine in Cote dIvoire, Africa, which is located within the Nielle exploitation permit. The Company holds 45% interest in the Kibali gold mine located in the Democratic Republic of Congo (DRC) in conjunction with AngloGold Ashanti Limited (AngloGold Ashanti) (45%) and Societe Miniere de Kilo-Moto sarl (SOKIMO) (10%).