Randgold Rises On Unusually High Volume (GOLD)

NEW YORK ( TheStreet) -- Randgold Resources (Nasdaq: GOLD) is trading at unusually high volume Thursday with two million shares changing hands. It is currently at two times its average daily volume and trading up $7.18 (+11.8%) at $67.88 as of 4 p.m. ET.

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Randgold has a market cap of $5.71 billion and is part of the basic materials sector and metals & mining industry. Shares are down 37.5% year to date as of the close of trading on Wednesday.

Randgold Resources Limited engages in the exploration and development of gold deposits in Sub-Saharan Africa.

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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