|Bid||64.11 x 800|
|Ask||64.13 x 900|
|Day's Range||63.36 - 65.24|
|52 Week Range||63.36 - 108.29|
|PE Ratio (TTM)||22.97|
|Forward Dividend & Yield||2.00 (2.63%)|
|1y Target Est||N/A|
Aug.09 -- Mark Bristow, chief executive officer at Randgold Resources, discusses 2Q earnings, production targets for the rest of the year and his outlook for gold for the next six months. He speaks on "Bloomberg Daybreak: Europe."
Tuesday, August 7: President Trump slaps sanctions on Iran and says he wants world peace, China is beating America in the 5G wireless race, LeBron James gets a Showtime show called, 'Shut up and Dribble.' Yahoo Finance’s Dan Roberts pours out the news.
Gold stocks have fallen nearly 19% from their highs in 2018 as measured by the VanEck Vectors Gold Miners ETF ( GDX), which holds 49 stocks. The individual mining stocks have fallen even more than the ETF in some cases and, based on technical analysis, are facing even steeper declines. Gold miners’ revenue is tied to the price of gold, and should prices fall, revenue drops, causing earnings to decline.
Randgold Resources is not yet paying the higher royalties and taxes required by the Democratic Republic of Congo's new mining code as the gold miner is still negotiating with the government, its executives said on Thursday. Congo's new mining law, effective from June, removes a 10-year stability clause despite fervent opposition from companies operating in the country, including Glencore, MMG Ltd, Ivanhoe Mines and China Molybdenum . Miner and trader Glencore said on Wednesday it was paying the higher royalties, and at least one other copper and cobalt producer said it is also doing so.
Mark Bristow, chief executive officer at Randgold Resources, discusses 2Q earnings, production targets for the rest of the year and his outlook for gold for the next six months. He speaks on "Bloomberg ...
On a per-share basis, the Saint Helier, Jersey-based company said it had profit of 54 cents. The gold miner posted revenue of $283.7 million in the period. Randgold shares have dropped 28 percent since ...
African miner Randgold Resources (RRS.L) maintained its 2018 targets on Thursday after it reported a rise in second-quarter profit and production, citing a good performance at its Kibali mine in the Democratic Republic of Congo. In the three months to June 30, production rose 9 percent compared to the previous quarter to 313,302 ounces of gold while profit from mining increased by 6 percent, the London-listed miner said in a statement. Randgold maintained its annual targets of gold production reaching between 1.3-1.35 million ounces at a cost of between $590-$640 per ounce.
London’s largest gold miner has had a tough 2018, hit by labour disputes in the Côte d’Ivoire and Mali, which have pushed down its stock price. Shares in Randgold have fallen 25 per cent this year, underperforming the wider market and also gold, down 6 per cent. Randgold Chief executive Mark Bristow said second-quarter results, published on Thursday, showed the company’s ability to deal with multiple challenges, including the work stoppages at the Tongon mine in the Côte d’Ivoire and the introduction of a new mining code in DRC.
Randgold Resources expects to restart production at its gold mine in the Côte d’Ivoire this month, according to its chief executive Mark Bristow. London’s biggest gold miner halted operations at Tongon four weeks ago after a local union made a series of demands the company said broke labour laws. With the backing of the government and national union leadership, Mr Bristow said he was now focused on getting the mine up and running and had started re-hiring Tongon’s workers.
This article is intended for those of you who are at the beginning of your investing journey and want to begin learning the link between company’s fundamentals and stock marketRead More...
Most of the precious metals and their mining companies have witnessed a choppy market in most of 2018, thanks to slumping metal prices. Precious metals are more closely associated with the downturn in these precious metals rather than the overall sentiment of the equity markets.
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. Over the past 10 years, Randgold Resources Limited (LON:RRS) hasRead More...
Randgold Resources (GOLD) has “buy” ratings from 70% of the analysts covering its stock. At the end of January, only 55% of analysts rated it as a “buy.”
Rioters in southern Mali ransacked local government buildings on Monday following a dispute between workers and management at Randgold's (RRS.L) Loulo and Gounkoto gold mines, the government said. A spokeswoman for Randgold, which owns three gold mines in Mali, did not immediately respond to a request for comment. Workers went on strike at Loulo and Gounkoto in April over bonus payments but the standoff was resolved within a day.
Rioters in southern Mali ransacked local government buildings on Monday following a dispute between workers and management at Randgold's Loulo and Gounkoto gold mines, the government said. A spokeswoman for Randgold, which owns three gold mines in Mali, did not immediately respond to a request for comment. Workers went on strike at Loulo and Gounkoto in April over bonus payments but the standoff was resolved within a day.
Randgold Resources Limited (LSE:RRS), a metals and mining company based in Jersey, had a relatively subdued couple of weeks in terms of changes in share price, which continued to floatRead More...
International mining companies operating in Democratic Republic of Congo will resort to legal action if their concerns over a new mining code signed into law in March are not addressed, they said in a letter to the mines minister this week. The letter, reviewed by Reuters, was dated May 28 and copied to President Joseph Kabila. The companies, including Randgold and Glencore, wrote they had not received a response to 13 separate official correspondences to the government about the code.
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Randgold Resources Limited (LSE:RRS) has returned to shareholdersRead More...
Most precious metals mining stocks have fallen in the last few months due to falling gold prices. The US dollar’s revival has also affected precious metals and mining stocks recently.
Gold prices dropped to a five-month low of $1,281.80 and closed at $1,283.30 per ounce yesterday, recording a one-day loss of 0.6% and a one-month loss of 3.3%. Silver joined the slump, dropping 0.8% to end the day at $16.30 per ounce, and platinum followed, falling 0.4% to end the day at $874 per ounce. Palladium was the only precious metal to see strength on Monday, rising 0.5% and ending the day at $960.20 per ounce.
Hedge funds increased their net positions in the SPDR Gold Shares ETF (GLD) during the first quarter. Gold miners haven’t kept the pace with broader equities and gold prices. In Can Gold Stocks Catch Up to Broader Equities and Gold Prices? we’ve highlighted what could help these miners catch up.
In this part of the series, we’ll look at the correlation between gold and four mining stocks: Franco-Nevada (FNV), Randgold Resources (GOLD), Yamana Gold (AUY), and Pan American Silver (PAAS). For the most part, mining stocks move in tandem with gold prices. Among these four miners, Pan American Silver demonstrated the highest correlation with gold this year, while Franco-Nevada displayed the lowest correlation.
One of the most crucial factors causing a slump in the price of precious metals is the revival of the US dollar. The DXY, which prices the dollar against a basket of six major world currencies, rose 0.68% on May 15. The DXY gained 3.8% over the last month.