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Randgold Resources (GOLD) in Focus: Stock Jumps 5.5%

Randgold Resources Limited ( GOLD ) was a big mover last session, as the company saw its shares rise over 5% on the day. The upside was driven by the rally in gold prices on Thursday. This led to solid volume too with far more shares changing hands than in a normal session. Yesterday's rally breaks the recent trend of the company, as the stock is now trading above the volatile price range of $57.59 to $65.25 in the past one-month time frame.

In the last 30 days, the company witnessed two negative estimate revisions and the Zacks Consensus Estimate also moved lower over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's move higher can last.

Randgold Resources currently carries a Zacks Rank #4 (Sell).

A better-ranked stock in the Mining-Gold industry is Pretium Resources Inc. ( PVG ), which carries a Zacks Rank #2 (Buy).

Is GOLD going up? Or down? Predict to see what others think: Up or Down

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RANDGOLD RSRCS (GOLD): Free Stock Analysis Report

PRETIUM RES INC (PVG): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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