Randgold Rises On Unusually High Volume (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) is trading at unusually high volume Wednesday with 1.4 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $6.03 (+8.1%) at $80.19 as of 4 p.m. ET.

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Randgold has a market cap of $6.91 billion and is part of the basic materials sector and metals & mining industry. Shares are down 24.4% year to date as of the close of trading on Tuesday.

Randgold Resources Limited engages in the exploration and development of gold deposits in Sub-Saharan Africa. The company has a P/E ratio of 16.1, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Randgold as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Randgold Ratings Report.

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