Randgold Reaches New 52-Week High (GOLD)

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 Monday as it is currently trading at $125.55, above its previous 52-week high of $124.80 with 552,234 shares traded as of 3 p.m. ET. Average volume has been 573,800 shares over the past 30 days.

Randgold has a market cap of $11.31 billion and is part of the basic materials sector and metals & mining industry. Shares are up 20.6% year to date as of the close of trading on Friday.

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 26.5, 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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TheStreet Ratings rates Randgold as a buy. 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, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Randgold Ratings Report.

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