Company Shares of Randgold Resources Limited (NASDAQ:GOLD) Rally 4%

Randgold Resources Limited (NASDAQ:GOLD) : Traders are bullish on Randgold Resources Limited (NASDAQ:GOLD) as it has outperformed the S&P 500 by a wide margin of 27.07% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.69%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4% in the last 1 week, and is up 29.13% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have rallied 87.95% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $126.55 and the one year low was seen on Sep 14, 2015. The 50-Day Moving Average price is $97.78 and the 200 Day Moving Average price is recorded at $86.87.

The stock has recorded a 20-day Moving Average of 18.71% and the 50-Day Moving Average is 28.91%.


Randgold Resources Limited (NASDAQ:GOLD): stock turned positive on Friday. Though the stock opened at $119.08, the bulls momentum made the stock top out at $122.63 level for the day. The stock recorded a low of $118.73 and closed the trading day at $122.32, in the green by 2.72%. The total traded volume for the day was 1,238,121. The stock had closed at $119.08 in the previous days trading.

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%).

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