Large Outflow of Money Witnessed in Randgold Resources Limited

Randgold Resources Limited (GOLD) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (1.78 million) in Randgold Resources Limited (GOLD). On Friday, The value of composite uptick trades was $11.41 million, whereas, the value of composite downtick trades was $13.19 million and the ratio between the two was 0.87, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $1.11 million. The negative money flow of ($1.11 million) shows selling on strength. Randgold Resources Limited (GOLD) gained $2.1 intraday at $98.6 and registrered 2.18% for the week.


Institutional Investors own 42.1% of Randgold Resources Limited shares.

Randgold Resources Limited (NASDAQ:GOLD): The stock opened at $99.05 and touched an intraday high of $100.7 on Friday. During the day, the stock corrected to an intraday low of $97.5, however, the bulls stepped in and pushed the price higher to close in the green at $99.82 with a gain of 3.44% for the day. The total traded volume for the day was 1,435,293. The stock had closed at $96.5 in the previous trading session.

Randgold Resources Limited (GOLD) has been under a strong bear grip, hence the stock is down -8.71% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.23% in the past 1 week. The stock has risen by 0.74% in the past week indicating that the buyers are active at lower levels, but the stock is down -8.83% in the past 4 weeks.

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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