Loading ...Something happening at Randgold – GOLD… something bad
This used to be a darling but their last 2 quarters have been nothing but outright disasters. If they don’t hit their 2H guidance, this stock is going to rerate much much lower as it loses its premium valuation. I’d advise caution in this name.
I don’t know. It looks like they had some shut down time due to a piece of equipment being out of operation for about six weeks while they were doing some kind of transition. They are still making tons of money and have no debt. The market really loves to slam the gold companies when they don’t meet the analysts’ lofty expectations.
You may be right… but this usually how it starts. You have a company with a 10 BILLION $ valuation earning roughly 50 mln $ per quarter and they have had 2 disastrous quarters in a row. I’d steer clear.