Randgold Resources Ltd (GOLD): Today's Featured Metals & Mining Winner

Randgold Resources was a winner within the metals & mining industry, rising $1.37 (1.9%) to $74.27 on average volume
By TheStreet Wire ,

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Randgold Resources

(

GOLD

) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day down 0.8%. By the end of trading, Randgold Resources rose $1.37 (1.9%) to $74.27 on average volume. Throughout the day, 1,157,379 shares of Randgold Resources exchanged hands as compared to its average daily volume of 970,600 shares. The stock ranged in a price between $72.15-$75.41 after having opened the day at $72.36 as compared to the previous trading day's close of $72.90. Other companies within the Metals & Mining industry that increased today were:

Cardero Resources Corporation

(

CDY

), up 19.6%,

Rare Element Resources

(

REE

), up 11.2%,

Mines Management

(

MGN

), up 9.4% and

Quest Rare Minerals

(

QRM

), up 9.0%.

Randgold Resources Limited engages in the exploration and development of gold deposits in Sub-Saharan Africa. Randgold Resources has a market cap of $6.8 billion and is part of the basic materials sector. Shares are down 26.0% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Randgold Resources a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Randgold Resources as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share.

On the negative front,

Prospect Global Resources

(

PGRX

), down 19.3%,

Uranium Resources

(

URRE

), down 16.4%,

Crosshair Energy

(

CXZ

), down 15.2% and

Century Aluminum Company

(

CENX

), down 14.8% , were all laggards within the metals & mining industry with

Barrick Gold Corporation

(

ABX

) being today's metals & mining industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider

SPDR S&P Metals & Mining ETF

(

XME

) while those bearish on the metals & mining industry could consider

PowerShares DB Base Metals Sht ETN

(

BOS

).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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