82.97 +0.91 (1.11%)
Pre-Market: 5:36AM EDT
|Bid||82.98 x 400|
|Ask||83.09 x 200|
|Day's Range||81.84 - 83.30|
|52 Week Range||77.70 - 108.29|
|PE Ratio (TTM)||28.10|
|Forward Dividend & Yield||2.00 (2.48%)|
|1y Target Est||N/A|
Randgold Resources Limited (LSE:RRS) trades with a trailing P/E of 28.1x, which is higher than the industry average of 13.1x. While this makes RRS appear like a stock to avoidRead More...
Yesterday, Donald Trump accused Russia and China of devaluing their currencies. Trump tweeted that China and Russia are playing “the currency devaluation game as the U.S. keeps raising interest rates. Not acceptable!” Investors should note that this is a contradiction of the US Treasury, which had maintained that no major trading partners are manipulating their currencies.
Overall, gold has been rising in 2018, mainly due to the geopolitical tensions that keep increasing. First, we had fears of a US-China trade war, and now we have the Syrian chemical attack and subsequent air strikes. Another crucial element is the decline of the US dollar, which we’ll look at in the next part of this series.
Looking for Footsie shares that could make you a fortune? Of course you are. This article looks at what could be considered two of the best.
Usually, precious metal mining companies follow precious metals. Gold, platinum, and palladium had an up-day on Monday, April 9. Though the mining companies tend to closely react to miners, they showed a mixed performance on Monday.
Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. In the past 10 years RandgoldRead More...
This year hasn’t been kind to precious-metal stock pickers at the world’s biggest asset manager, but their luck may be about to turn.
Gold’s recent gains came on the back of uncertainty, which was pinned by weakness in the US dollar (UUP). The Fed’s less-hawkish-than-expected guidance in the near term, trade war talks, recent inflation, and other economic data were mostly negative for the dollar. While the immediate concerns over a trade war have receded, the uncertainty is far from over.
Randgold Resources Ltd.’s celebrated ability to operate in Africa is being tested on all fronts, and it’s taking a toll on the London-listed gold miner’s stock.
The highly cyclical materials industry has benefited producers in times of economic growth and seen many players out of business during a downturn. Therefore, this industry is a macroeconomic playRead More...
The US dollar (UUP) had started firming up in February and early March after a disappointing 2017. After the Fed’s decision, the dollar fell 0.7% to 83.5 as the committee suggested only two more hikes. We saw the currency’s largest one-day decline since the end of January. The Fed’ stance was slightly less hawkish than expected in the near term, which led to weakness in the US dollar.
Going long gold is not a no-brainer move despite the return of stock market uncertainty. Here is what the charts are saying.
The miners said in a joint statement that a team representing the companies had arrived in Kinshasa and would begin detailed talks soon with the government on implementation of the new rules signed into law last Friday by DRC President Joseph Kabila. International mining companies including Glencore, Randgold, Ivanhoe Mines, MMG and China Molybdenum have vigorously opposed the new law.
Are Upcoming Interest Rate Hikes Already Priced into Gold? Mining stocks are known to have a strong correlation with gold, as gold is the most crucial of all the four precious metals. For our correlation analysis, we’ll look at Randgold Resources (GOLD), Yamana Gold (AUY), Coeur Mining (CDE), and Barrick Gold (ABX). Mining-based funds also have a high correlation with precious metals.
Mines run by Glencore, Randgold Resources and three other international companies have quit the Democratic Republic of Congo's chamber of commerce, saying the industry body does not adequately represent their interests after the introduction of a new mining law. The miners said in a joint statement that a team representing the companies had arrived in Kinshasa and would begin detailed talks soon with the government on implementation of the new rules signed into law last Friday by DRC President Joseph Kabila. International mining companies including Glencore, Randgold, Ivanhoe Mines, MMG and China Molybdenum have vigorously opposed the new law.
If you are interested in cashing in on Randgold Resources Limited’s (LSE:RRS) upcoming dividend of $2 per share, you only have 7 days left to buy the shares before itsRead More...