Randgold Resources Limited (GOLD) : During the past 4 weeks, traders have been relatively bearish on Randgold Resources Limited (GOLD), hence the stock is down -7.78% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.4% relative to the S&P 500. The 4-week change in the price of the stock is -6.82% and the stock has fallen -0.35% in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.86% and the 50-Day Moving Average is 0.8%. Randgold Resources Limited (NASDAQ:GOLD): On Fridays trading session , Opening price of the stock was $111.32 with an intraday high of $111.4. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $108.91. However, the stock managed to close at $109.11, a loss of 1.36% for the day. On the previous day, the stock had closed at $110.61. The total traded volume of the day was 640,049 shares.
Institutional Investors own 39.99% of Randgold Resources Limited shares. Also, In the latest statement by the brokerage house, Jefferies upgrades its outlook on Randgold Resources Limited (NASDAQ:GOLD). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Hold. The rating by the firm was issued on July 14, 2016.
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%).