Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- Randgold Resources (Nasdaq: GOLD) hit a new 52-week high Friday as it is currently trading at $121.83, above its previous 52-week high of $120.73 with 489,866 shares traded as of 10:10 a.m. ET. Average volume has been 515,100 shares over the past 30 days. Randgold has a market cap of $10.16 billion and is part of the basic materials sector and metals & mining industry. Shares are up 12% year to date as of the close of trading on Thursday. Randgold Resources Limited, together with its subsidiaries, engages in the exploration and mining of gold deposits in west and central Africa. The company has a P/E ratio of 23.8, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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