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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Randgold Res. | RRS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 6,546.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6,546.00 |
| Top Posts |
|---|
Posted at 26/8/2020 17:28 by keylifeskills1 Tuesday 25th August, 2020GOLD RANGE Over 24 hrs HIGH: 1937.90 LOW: 1914.20 - 1913.30 9pm Closing ABX Price: $37.85 - 0.42 (- 1.10%) GOLD PRICE at 9pm Close of TSX: 1928.10 DOWN - 0.50 (- 0.03%) Spot Gold 10pm Mkt Close: 1927.50 -1.10 (- 0.06%) Daily Open: $38.06 Daily High: $38.19 Daily Low: $37.12 TIME: 14.36 GOLD 1925.60 - 3.00 ABX £37.84 - 0.39 15.06 GOLD 1916.70 - 11.90 ABX $37.68 - 0.59 16.39 GOLD 1915.70 - 12.90 ABX $37.37 - 0.90 17.34 GOLD 1916.50 - 12.10 ABX $37.14 -$1.11 18.49 GOLD 1918.30 - 10.30 ABX $37.46 - 0.80 20.17 GOLD 1927.90 - 0.70 ABX $37.77 - 0.50 21.00 GOLD 1928.10 - 0.50 ABX Closing Price $37.85 -0.42 (1.10%) SPOT GOLD Closing Price 1927.50 - 1.10 (- 0.06%) NB Prices recorded in C $ as most investors who hold Barrick stock following it's merger with Randgold will find if they check with their UK Broker that most have a policy of using the primary listed exchange which in this case is Toronto. |
Posted at 06/11/2018 08:46 by redtom1 Possibly. I guess it depends on How Barrick performs off the back of these good results. If investors think Barrick is picking up a bargain then they could re-rate Barrick shares pushing RRS northwards. Let's hope so. |
Posted at 31/10/2018 10:55 by christh Wed 31/10/2018 08:32Randgold Resources said it and Barrick Gold had agreed to increase the amount of dividends that investors would get from their proposed merger. Randgold shareholders would now be entitled to receive a Randgold dividend for the 2018 financial year of $2.69 per Randgold share, up from the previously-planned payout of $2.00 per share. |
Posted at 25/10/2018 11:29 by redtom1 Chris, you need to be a little careful with your enthusiasm.Randgold share price is now purely driven by price of Barrick Gold (or likely price for the morning session given Canada/US is closed) but influenced by exchange rates. The price also includes a premium in respect of the dividend. So it is Barrick that is driving this and their price will be influenced by many factors but primarily the Gold price. Randgold will not rise because investors want to buy into it as an independent company. In 2 months time you will only own Barrick Gold so that is where you need to focus. So if Barrick continues to rise then you may see the higher levels you talk about. |
Posted at 28/9/2018 23:15 by newbank Sugarrush100,Halifax don't allow trading in the Canadian Stock Exchange. Randgold trade in the US as does Barrick but I believe they are similar to ADR's ie similar to the UK Company National Grid, which also trades in the US. I had read somewhere that Barrick is a Toronto listed Company that also is listed in the US, implying my point above, but I could be wrong. I know someone who holds Randgold in HSDL (Halifax) and the only option they have if they want to continue to hold the new listing is to transfer to an ISA Provider that does recognise Canadian Listed Stock or to sell. There are many Providers that do recognise the Canadian Stock Exchange like Barlays, L&G and AJ Bell etc to name just three. Transferring between ISAs is allowed and is easy but does take between 6-8weeks. However, word of warning, if you go down that avenue; Whilst the stock is being transferred you cannot trade the shares whilst in transit, so to speak. I had a similar issue when transferring stock from one ISA to another ISA I held with another Provider. Once the Administration Process started, my shares were in limbo for quite a long time, locking me out from trading that stock until it hit my destination ISA. Personally, I am appalled that Randgold have not detailed sufficient information regarding the proposed Completion date (expected to be within Q1 2019) and other relevant details that would be useful to UK private investors who hold these shares in ISA's. It appears to have been left up to Investors to find out for themselves and to be wary of the 6-8 week transfer period if wanting to find a new home for Canadian Listed Stock. Good Luck! |
Posted at 24/9/2018 11:09 by christh The regulations say you can hold foreign stocks listed on a “recognised stock exchange” in an Isa. ... However, the fact that an investment would be permitted under HMRC rules doesn't mean every Isa provider will allow you to hold it. Most brokers only trade a limited selection of international markets.Foreign shares in an ISA by The Investor on August 25, 2011 You can hold US shares in an ISA, and other foreign shares, too. Many investors seem to be confused about whether you can hold foreign shares in ISAs. The answer is simple: You can! According to HMRC, you can hold foreign shares in an ISA as long as the shares are in a company listed on “a recognised stock exchange anywhere in the world”. |
Posted at 17/9/2018 17:00 by kiwi2007 One of the world’s largest asset managers is set to complete the overhaul of its precious metals and mining fund this month, in the latest sign of investor apathy towards gold.Vanguard, the $5tn asset manager, will rename the fund, which was founded in 1984, the Vanguard Global Capital Cycles Fund, following a loss of 24 per cent over the past year. The move, which has already triggered heavy selling of gold mining stocks on both sides of the Atlantic, is another sign of how investors have fallen out of love with the commodity. “Investors have essentially run away from investing in them [gold miners],” David Neuhauser, the founder of Chicago-based hedge fund Livermore Partners, said. “In Canada, which has typically been a gold haven, all the talk is about cannabis and bitcoin. It’s extremely contrarian today to invest in gold.” The performance of gold miners is set to be a key topic of the upcoming Denver Gold conference, which takes place on September 23. Last year New York hedge fund Paulson & Co. launched a blistering attack on the sector, saying investors had behaved like “sheep being led to the slaughter”. The fund, which is run by billionaire John Paulson, plans to launch a “Shareholders Gold Council” of investors this month, designed to put pressure on mining companies to improve their performance. While a lacklustre gold price has been one of the key reasons behind the sector’s dismal performance this year, the gold mining industry has also lost the trust of big institutional investors after years of wild overspending and, in North America, excessive executive pay. The price of gold has fallen more than 8 per cent this year to $1,206 a troy ounce, down from a peak of $1,366 in January. The precious metal has suffered from the continued strength of the US dollar, which makes gold more expensive for foreign buyers. US interest rates have risen steadily since January and with a three-month Treasury bill yield at 2.15 per cent, that makes holding gold less attractive since the metal provides no fixed income return. At the same time, retail investor have alternatives to investing in gold, with the rise of cryptocurrencies such as bitcoin. In Canada, one of the biggest centres for gold mining investors, listed cannabis companies have become increasingly popular. Few companies have been spared in the sell-off, with some of the biggest names in the industry notching up losses of up 40 per cent. Barrick Gold, the world’s largest producer, is down 27 per cent, while Newmont Mining, the darling of the sector, is off 20 per cent and Randgold Resources, London’s biggest gold miner, has dropped 39. The Philadelphia Stock Exchange Gold and Silver index has lost 25 per cent year to date. Yet for most of the year, share prices tracked gold until late July when Vanguard announced it was restructuring its $2.3bn precious metals and mining fund. “It damped sentiment, that’s for sure,” said one fund manager, pointing to shares in Newmont Mining, which were flat for the year before the news broke. “And it happened just as gold dipped below $1,200 an ounce.” In a statement, Vanguard said it was restructuring the fund to “improve investor outcomes” and that “the precious metals and mining industry group presents a limited investment pool”. The new fund will focus on telecommunications and utilities, with only around 25 per cent exposure to precious metals and mining. Along with the weak gold price, analysts are also concerned that miners will face rising costs as the price for key fuels such as diesel increases, following a run-up in the price of oil to $80 a barrel, its highest level in a year. “We’ve seen the benefits of a lot of the cost-cutting that they have been engaged in aggressively over the past few years,” said Suki Copper, an analyst at Standard Chartered in New York. “We’ll start to see declining margins with the lower gold price and costs starting to edge higher.” Still, some analysts say the gold price could turnround if the dollar stabilises and US inflation picks up. Geopolitical tensions and the prospect of a full-blown trade war between the China and US could lend further support. In addition, many investors say gold miners, which have repaired their balance sheets, are now focused on profitable production rather than chasing new ounces through ambitious new projects. “They must continue to lower overheads and improve capital allocation,” said George Cheveley, who runs the Investec Global Gold Fund. “There probably needs to be some consolidation in the industry as well, among both the large and mid-cap miners.” Mr Neuhauser says investors need to pick specific gold mining companies rather than invest in the whole sector. “It’s a unique time — sentiment is extremely bearish and equity valuations are down,” he said. “But there is value there if you believe inflation is coming and the Fed is running at the end of its curve in terms of hikes in the next six months. Volatility and fear is also extremely complacent in the markets.” Mr Cheveley agrees. “I still see investors who want to get access to gold and gold equities not least because of its role as a diversifier in a portfolio.” |
Posted at 31/8/2018 07:08 by christh Best Stocks to Invest In: Randgold Resources (GOLD)Source: Jeremy Vohwinkle via Flickr (Modified) August 30, 2018, 11:33:58 AM EDT By Josh Enomoto, InvestorPlace Media I'm going to end my best stocks to buy list with a high-risk, high-reward name, Randgold Resources (NASDAQ: GOLD ). Admittedly, the underlying gold market has disappointed many investors, including yours truly. I believed that, if anything, geopolitical uncertainty would raise gold's appeal. Obviously, that hasn't happened, with most investors leaning towards interest-bearing assets. However, at this rate, even gold bears must concede that prospects for bullion have improved dramatically. Again, I'm not saying that Trump will be impeached. Certainly, though, recent scandals weighed on the usually unflappable leader. Mind you, this issue is spiraling out of control while critical geopolitical concerns compete for attention. I might sound like a broken record, but at some point, gold has to reassert itself. When it does, I like GOLD stock for its fundamentals. A rarity compared to its rivals, Randgold has no debt, along with $604 million in cash. Technically, GOLD has become a steal, with shares down 33% year-to-date. |
Posted at 15/5/2018 23:49 by philanderer RRS stateside close about the same as London close.-------------------- 'Gold at a New Low for the Year, but ETF Investors Still Love It' ETF investors are bullish on gold, despite it falling below the $1,300 mark Gold prices slumped, falling below the $1,300 level for the first time since December as a rising dollar and higher Treasury yields led traders to dump the precious metal. But while the bullion price in the futures market on Tuesday reached a new low for the year, exchange-traded-fund investors recently have been bullish on gold. Investors poured about $3.1 billion into gold-backed ETFs during April, the highest total since February 2017, data from the World Gold Council, an industry trade group, showed. |
Posted at 07/11/2017 15:00 by christh Best Time to Buy Gold?Looking back at historical data, in hindsight it is easy to identify 2005/06 as a great time to buy gold bullion before the constant rises when the price of gold stood at just £250/oz t. Again in 2007/08 the UK banking crisis offered another great opportunity to jump onto the gold bandwagon with the gold price standing at around £350/oz t. Many investors did indeed see these signs early and took full advantage, having since seen their gold investment flourish with the gold price more than doubling in the last decade. Some of the most common questions heard now on a daily basis are; is it too late to buy gold? And; how much longer can the gold price continue to rise? Unfortunately, there's no exact science when knowing when to buy gold, but there are lots of effective and timeless techniques and indicators that most successful investors use to help them and look out for. Recognise the Long Term Upward Trend When looking to buy gold it is important to recognise that gold is on a long term upward trend where prices have been increasing almost month on month for years. When you buy gold, be mindful not to panic if the gold price dips 5% a month later. This kind of movement is common and history suggests it would be likely to correct itself. The gold price is based up on a whole host of mini dips and increases; you just hope the underlying trend continues and that the rises are larger than the dips as they have been for the last decade. Buying gold should not be seen as a short term investment, we advise you look at holding your gold for a minimum of six months, ideally much longer. If you do return a healthy profit is a short space of time then great, that is your prerogative to sell and realise that profit, perhaps looking to reinvest in gold again when you spot the next opportunity in the market. Buy Gold during Uncertain Times When looking to buy gold bullion , keep an eye out for any major news and announcements coming from institutions including Banks, the Stock Exchange, Wall Street, Governments etc. Negative economic and political messages regarding Credit, Currency, Stocks, Debt, Property, Unemployment and Quantitative Easing create unrest, with particular reference to the more influential economies such as those of the US, China and Eurozone. As a general rule of thumb it is said when other investments such as property and stocks are underperforming, the price of gold and silver rise as it is believed many major investors and companies use gold as an insurance policy to cover these losses accumulated elsewhere. This often provides an ideal time to add more gold bullion to your portfolio or enter the market for the first time. Buy Gold When You Can So, when is the best time to buy gold? Many investors believe in simply buying gold when they can, smaller quantities regularly. The process of part buying, as opposed to buying gold in single large transactions provides investors with the benefit of buying at a lower average price with the same applying to part selling in order to maximise return on investment. Watch the Gold Price Buying gold is partly about picking your moment. It is important to keep a close eye on the gold price. The gold price changes every two minutes so paying attention to the latest movements online via your PC, smart phone or tablet will help you pick your moment to buy. Even in this market of seemingly constant rises in the gold price it is not uncommon for the price of gold to dip by 3-5% in a single morning. This would perhaps represent an ideal time to dip your toe in for the first time as a new investor or add to your existing gold investment. Spotting value in the gold price is quite subjective, some investors are very happy to buy gold when the price is in the middle of a very strong period, some like to buy during a stable period or during a dip, however most importantly you should be looking to buy gold bullion only when you think the gold price feels right. The Security Blanket of Gold Most importantly, remember owning gold bullion is about owning a safe, secure and timeless asset, primarily not about making huge profits at the end of every month. Gold is about preserving your wealth and protecting yourself against financial crisis’ by taking control of your wealth, or part of it and not leaving it in the hands of banks and ETFs. There’s a famous saying, ‘if you don’t hold it, you don’t own it’. Obviously it is not practical or sensible to physically hold all your assets, but holding and storing a percentage of your wealth in the form of gold bullion is sensible. If you do happen to buy gold at the right times and you make a substantial profit then great, there is nothing wrong with making a lot of profit on gold as many people have and will continue to do so. Historical gold price trends will illustrate how gold is more likely to make you a healthier return on investment than any other asset or commodities in the last decade. View the latest gold price now. Finally Do your research. Buy at a reasonable price. Don’t worry about short term fluctuations, sit tight and focus on the long term security and benefits of your gold investment. |
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