Randgold Stock Hits New 52-Week Low (GOLD)

NEW YORK ( TheStreet) -- Randgold Resources (Nasdaq: GOLD) hit a new 52-week low Wednesday as it is currently trading at $60.28, below its previous 52-week low of $60.42 with 566,062 shares traded as of 1:50 p.m. ET. Average volume has been 982,700 shares over the past 30 days.

Randgold has a market cap of $5.63 billion and is part of the basic materials sector and metals & mining industry. Shares are down 38.4% 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.

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TheStreet Ratings rates Randgold 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. You can view the full Randgold Ratings Report.

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