|Bid||5,000.00 x 64300|
|Ask||5,530.00 x 30200|
|Day's range||5,424.00 - 5,500.00|
|52-week range||5,424.00 - 8,255.00|
|PE ratio (TTM)||19.61|
|Earnings date||9 Aug 2018|
|Forward dividend & yield||1.48 (2.56%)|
|1y target est||94.57|
A strike by workers at Randgold Resources' Tongon gold mine in Ivory Coast brought production to a halt on Monday as government-led negotiations broke down, the company said. "For the moment, gold production at the mine is stopped. Randgold said in a statement that it continued to work with Ivorian authorities and the workers' unions to resolve the standoff, without giving any details about what it was about.
Workers at Randgold Resources' Tongon gold mine in Ivory Coast went on strike over the weekend as government-led negotiations broke down, the company said in a statement on Monday. Randgold said it continued ...
These FTSE 100 (INDEXFTSE: UKX) shares are in better shape to dole out delicious dividends than Lloyds Banking Group plc (LON: LLOY), in this Fool's opinion.
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.”
D emocratic Republic of Congo state miner Gecamines has called on its foreign partners to renegotiate the terms of joint ventures it considers to be unfair, its chairman said on Thursday. Heavily in debt and with dwindling output, Gecamines has long complained about its joint venture terms.
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-Gounkoto gold mine, the ministry of territorial administration ...
Regulations to implement Congo's new mining code have been signed into law with no changes, advisers to the prime minister told Reuters on Saturday (Shenzhen: 002291.SZ - news) , despite objections from mining firms that have been threatening legal action. Prime Minister Bruno Tshibala signed the regulations into law overnight, his adviser Patrick Mutombo Buzangu told Reuters by telephone, but gave no further details.
Democratic Republic of Congo's prime minister will sign into law on Friday regulations to immediately implement a new mining code without any concessions to industry demands that key provisions be amended, the mines minister said on Thursday. The move could set off a legal battle between the government and major mining companies operating in Congo, including Glencore (Frankfurt: 8GC.F - news) and Randgold, which threatened legal action against the government last week if their concerns about tax hikes and the elimination of exemptions were not addressed. "The code will be applied as it was promulgated!" Mines Minister Martin Kabwelulu told Reuters in a text message.
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 (Frankfurt: 8GC.F - news) , wrote they had not received a response to 13 separate official correspondences to the government about the code.
** Goldman Sachs makes changes to its conviction list, adds Randgold Resources, takes Centamin off ** GS reiterates "buy" on the Randgold stock which is 22 pct down YTD ** "Our view is the ...
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.
Lower platinum prices are a major concern for platinum miners in Africa. Platinum, like palladium, is used to cut down carbon monoxide emissions and as a catalyst in vehicle engines. It is also used in diesel-based generators. The platinum market has been in short supply for the last few years, and its deficit is expected to expand to a short supply of 275,000 ounces in 2018.
Major miners operating in the Democratic Republic of Congo, Africa's top copper producer, said on Monday that a commission set up to draft detailed regulations to implement a new mining code had completed its work. The miners, which include Glencore (Frankfurt: 8GC.F - news) , Randgold , AngloGold Ashanti (Xetra: AOD.DE - news) , Ivanhoe and China Molybdenum, were represented on the drafting commission.