|Bid||83.65 x 900|
|Ask||83.69 x 200|
|Day's Range||85.64 - 86.13|
|52 Week Range||81.35 - 108.29|
|PE Ratio (TTM)||29.33|
|Forward Dividend & Yield||2.00 (2.28%)|
|1y Target Est||N/A|
African miner Randgold Resources (RRS.L) is looking to make its first acquisition outside its home continent in North and South America to diversify its portfolio of assets, its chief executive Mark Bristow told Reuters. The London-listed miner has invested throughout the commodity price downturn, generated cash and steadily increased dividends while rivals have been struggling with big debts taken on to fund acquisitions and expansion. Flush with cash, Randgold is on the hunt for gold mines outside Africa.
Glencore Plc and Randgold Resources Ltd. are among major mining companies in the Democratic Republic of Congo clubbing together in a bid to stop sweeping legal reforms, claiming their interests were poorly ...
What Caused the Slump in Precious Metals and Miners? Another element besides the fluctuations of the US dollar that could have led to the fall in precious metals is the US interest rate. The Fed has kept investors on their toes with the rise in interest rates playing on the equity market slump.
The data provided a boost to inflation expectations and consequently to rate hike expectations. Higher interest rates in the United States make the country an attractive destination to park funds from overseas, increasing the US dollar’s value relative to other currencies. The latest boost to the dollar came after President Trump’s comments that the dollar would strengthen on the back of a growing US economy.
Precious metals including gold, silver, and platinum witnessed an up-day in their spot markets on Monday. Gold (GLD) was up 0.5% and closed at $1,339.6 per ounce. Palladium is regarded as an industrial asset, so the overall market slump likely took it lower.
Stocks tumbled on Monday, with benchmarks surrendering gains made in the new year. Arconic fell on a weak outlook, and Randgold reported disappointing profit.
European stocks suffered a sharp sell-off on Monday as growing inflation expectations and rising bond yields took their toll on equity markets. Europe's STOXX 600 (.STOXX) fell 1.6 percent to close at its lowest level since mid-November 2017. Among major European equity markets, only Spain and Italy are still higher than at the turn of the year, with Britain the worst performer.
European stocks suffered a sharp sell-off on Monday as growing inflation expectations and rising bond yields took their toll on equity markets. Europe's STOXX 600 fell 1.6 percent to close at its lowest level since mid-November 2017. Among major European equity markets, only Spain and Italy are still higher than at the turn of the year, with Britain the worst performer.
Randgold Resources Ltd. moved to cut ties with Israeli billionaire Dan Gertler, its partner in a gold project in the Democratic Republic of Congo and who has been sanctioned by the U.S. over alleged corruption....
The Channel Islands, Jersey-based company said it had profit of 79 cents per share. The gold miner posted revenue of $328.6 million in the period. For the year, the company reported profit of $278 million, ...
Mining executives, investors and government ministers are meeting in drought-hit Cape Town for the African Mining Indaba, the continent’s biggest gathering of one of its most vital industries.
A correlation study of miners to gold is important since gold is the most crucial of all the four precious metals, and its price could be a determinant of other metals as well as mining stocks. In this part, we’ll be looking at B2Gold (BTG), Royal Gold (RGLD). Mining-based funds are also known to have a high correlation with precious metals.
Randgold Resources Limited (LSE:RRS) generated a below-average return on equity of 9.06% in the past 12 months, while its industry returned 11.26%. RRS’s results could indicate a relatively inefficient operationRead More...
The Democratic Republic of Congo canceled contract guarantees and hiked a key royalty in sweeping last-minute changes to a mining law that will have immediate financial costs for every mining project in ...
“Crypto-mania” and a stock market that goes nowhere but up indicates that a crisis is the last thing on investors’ minds. The economy is at full employment and the personal savings rate has declined from 6% in 2015 to 2.9% in November. There comes a point when investors are all-in, and something happens that triggers a selloff – a geopolitical event, an economic downturn, or a black swan emerges.
Could Gold Be Set for a Big Move in 2018? After declining by ~10% in 2017, the US dollar (UUP) has extended its fall in 2018. At the World Economic Forum in Davos, US Treasury secretary Steven Mnuchin stated that the United States welcomes a weaker dollar, as it could benefit the country.
By Julien Ponthus and Kit Rees LONDON (Reuters) - Britain's top share index fell on Wednesday as sterling was pushed to a post-Brexit-vote high by data showing that the number of people in work had surged ...
What Led to the Fall in Gold and Silver? Mining stocks tend to take their cues from gold. The past week has been beneficial for mining funds like the Global X Silver Miners (SIL) and the iShares MSCI Global Gold Min (RING).
Industrial gold production in Mali rose to 49.6 tonnes in 2017, up 5 percent from the previous year, a senior Mines Ministry official said on Wednesday. The figure beat the 46.9 tonnes that Africa's third-largest producer managed in 2016 and was well ahead a forecast of 45 tonnes that the government had given half way through last year. "There was real progress in the industrial mines ... a net improvement in performance," Karim Berthe, deputy director of Mali's department for mines and geology, said in a statement.