Large Outflow of Money Witnessed in Randgold Resources Limited

Randgold Resources Limited (GOLD) : The total money flow in Randgold Resources Limited (GOLD) was negative ($6.15 million), which signals selling by the traders on Tuesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $34.33 million. In comparison, the inflow of money into the stock on upticks was $28.18 million. The uptick to downtick ratio was 0.82. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $5.28 million. The negative money flow of ($5.28 million) confirms the selling in Randgold Resources Limited (GOLD) on strength. Randgold Resources Limited (GOLD) gained $1.27 at $123.59, a gain of 1.04% over the previous days close. However, the stock registered 5.08% in the week.


Institutional Investors own 40.61% of Randgold Resources Limited shares.

Randgold Resources Limited has dropped 3.53% in the last five trading days, however, the shares have posted positive gains of 24.72% in the last 4 weeks. Randgold Resources Limited is up 20.6% in the last 3-month period. Year-to-Date the stock performance stands at 92.15%.

Randgold Resources Limited (NASDAQ:GOLD): On Tuesdays trading session , Opening price of the stock was $121 with an intraday high of $121.34. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $117.98. However, the stock managed to close at $118.15, a loss of 4.40% for the day. On the previous day, the stock had closed at $123.59. The total traded volume of the day was 1,486,150 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%).

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