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Randgold Resources Limited Outperforms

Randgold Chart 15 May 09.JPG
Chart courtesy of Stockcharts

On the 16th of June 2008, we bought Randgold Resources Limited (NASDAQ: GOLD) for $37.65 and are very pleased to report that Randgold is now trading at $60.47 for a gain of $22.82 or 60.61%.

Considering the year that we have been through Randgold has performed amazingly well and forms part of our core position. However if you wish to take some profits off the table at this time then go ahead and do so. We have considered taking profits but decided to stick with it for better or for worse.

As we can see from the above chart Randgold has pushed ahead and opened a considerable gap between the stock price and the 200dma when periodically these two tend to meet up. The technical indicators, RSI, MACD and the STO are in the sell zone so all in all we should prepare ourselves for Randgold to take a breather.

Randgold has a market capitalization of $4.64 billion, a P/E ratio of 126.21 with 76.67 million shares outstanding. The average volume of shares traded is 1.18 million per day. This stock has a 52 week high of $61.16 and a 52 week low of $22.28. The stock closed at $60.47 yesterday on the NASDAQ.

Randgold Resources Limited trades on the NASDAQ under the symbol of GOLD and on the London Stock Exchange under the symbol of RRS.

Have a sparkling day.

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