Randgold Resources Ltd. (ADR) (NASDAQ:GOLD)
CAPS Rating:
The Company is engaged in gold mining, exploration and related activities.
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The Company is engaged in gold mining, exploration and related activities.
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Within reasonable range of its 52 week low of $72.91 and a soon to be completed mine (and therefore increased production potential), Rangold seems ripe to rise. Still down over 25% from the 52 week high, and an expectedly inceasing P/E ratio suggest to me this stock will recover from recent losses over the next several months, and depending on the direction of gold prices into Q3, perhaps for the next 1-2 years.