Randgold Resources Limited (GOLD) has risen sharply, recording gains of 0.25% in the past 4 weeks. However, the stock has corrected -1.01% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.79% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.04% and the 50-Day Moving Average is 5.31%.The 200 Day SMA reached 8.78%
Randgold Resources Limited (NASDAQ:GOLD): The stock opened in the green at $104.21 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $104.36 and a low of $99.82 for the day. The stock did not find buyers even at the lows and closed at $100.07 recording a loss of -2.08%. 1,019,764 shares exchanged hands during the trading day. The stock had closed at $100.07 in the previous days trading.
Randgold Resources Limited (GOLD) : The consensus price target for Randgold Resources Limited (GOLD) is $109.89 for the short term with a standard deviation of $26. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $143, however, the pessimist price target for the company is $80.
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%).