Randgold Resources Share Discussion Threads

[gucci] 31/10/2016 15:20

just needs to pop through 7200p

[muffinhead] 20/10/2016 23:37

Expanding wedge


free stock charts from uk.advfn.com

[bedruthan] 20/10/2016 13:08

Gold stating to rise

[bonio10000] 19/10/2016 10:43

Spike in USD value of gold.

Someone been assassinated or something?

[gucci] 19/10/2016 10:41

8000p first stop

[gucci] 18/10/2016 18:23

Great rsn today
Next leg up

[linton5] 17/10/2016 09:48

I agree big boots,just don't want to sell my other holdings

[bigboots] 17/10/2016 09:30

Nothing cheaper in the market for a bit of safety that RRS

[hpcg] 11/10/2016 16:38

chris - surely gold is only a safe place if it is the best performing currency. Currently it is under performing JPY, USD and EUR so any of those would be a safer alternative to Sterling than gold.

[value king] 11/10/2016 09:31

I've been holding these for a while christh and I agree with your comment. A bit of a political problem in S.A today so some short term weakness in the Rand down 3%.

[christh] 11/10/2016 09:18

with the £ falling the safest place is Gold!
Buy Rangold for long term growth,safe investment.

[careful] 06/10/2016 15:09

a pe of 44 and yield of 0.64% is not tempting.
..but gold buffs may still drive this back up.

[wisteria2] 20/9/2016 14:57

Couple of buy notes out !! £9 and £9.75..... dyor!
GLA HOLDERS

[mike24] 12/9/2016 12:20

edit
7/10
spike from 1250?

[christh] 10/9/2016 12:13

5 September 2016
Randgold Resources shares rose on Monday as Numis upgraded its rating on the stock to 'buy' from 'hold' and left its target price at 9,000p.
Numis said it expects Randgold's third quarter to show operational improvements and predicts a rise in production at the Tongon mine to 78,000 ounces from 50,000 ounces. It also expects production at the Kibali mine in the Democratic Republic of the Congo to stabilise with increased ore.
Numis forecasts third quarter production of 315,000 ounces, along with an increase in earnings per share to 93 cents per share and a decrease in cash costs to $620 per ounce.
Randgold reported a 4% drop in second quarter production to 281,000 ounces and a 12% gain in cash costs to $727 per ounce. Basic earnings per share dipped to 52 cents per share from 58 cents per share the same period a year earlier.
"Randgold faced a number of issues in the second quarter due to a combination of operational challenges at both Tongon and Kibali," Numis said.
"Management have, however, retained guidance for the year of 1.25Moz-1.3Moz and we expect the shares to re-rate driven by improved operational performance in H2 with higher gold prices supported by stronger Asian demand in the fourth quarter."
--------------------------------------------------------
9 September 2016 13:37
UBS upgraded Randgold Resources
(ShareCast News) - UBS upgraded Randgold Resources to 'buy' from 'neutral' with an unchanged price target to 9,750p on the back of share price weakness and strong momentum in the second half of 2016.
UBS said that following a correction of more than 20% from the stock's July 2016 peak, the risk/reward is now attractive, hence the upgrade.
The bank said it reckons Randgold can meet full-year 2016 production guidance, which will provide the group with strong operating momentum in the second half versus low market expectations.
UBS said two consecutive quarters of weak operating performance have left investors questioning the company's reputation as a reliable operator that warrants a premium valuation.
The bank, however, said it was encouraging that Randgold provided very clear details in the second-quarter results on throughput/grades/recoveries required at each asset in the third and fourth quarter to achieve the FY16 group production target of 1.25moz.
"We also believe the market underestimates the potential for a material lift in the 2017 dividend that would clearly differentiate Randgold from its global gold mining peers."
In addition, the bank said it likes Randgold's low cost position, stable medium-term production, full year 2017 free cash flow and strong balance sheet.

[sogoesit] 26/8/2016 11:06

Interesting chart.

I sold my RRS position above £76 - too early it seems post the Brexit "fantasy" effect - but looking to re-establish for the future as my "insurance" play.
As hpcg points out RRS has always been an "overvalued" play but when PoG moves you get an accelerated leverage effect, as we've just seen.

However, the chart concerns me as £70 support/resistance beckons.
I will probably target that for re-entry.

Just holding physical for the time being as mining positions have been sold at end June.

[edjge2] 04/8/2016 21:52

screwed up nicely this am.
Amazing recovery.

[dlewis1] 04/8/2016 14:17

This is a massive improvement on the way this has recovered. Amazing. Well done to those who saw the potential at below 8000 this morning and bought in while others were fearful. Wish o had funds to buy this morning.

[k mon] 04/8/2016 14:14

That is quite a Hammer place by today's actions.

Shows plenty of buyers willing to jump in on the slightest drop back.


- Happy Holder :0)

[gucci] 04/8/2016 12:12

recovering