You are here: Home - Investing - Experienced Investor - News -

Stock of the week: Randgold Resources

0
Written by: YourMoney.com
20/02/2017
Ian Forrest, investment research analyst at The Share Centre, picks Randgold Resources as stock of the week.

Investors should note that the firm’s quarter four 2016 production numbers were once again encouraging leading to another year of record gold production levels of 1.25m ounces, up 3% on the previous year. With the average realised price of gold up by about 8%, the company generated sales of $1.5bn, which was up by 11% on the previous year.

Management expect further production increases in 2017 and costs to remain under control while there is a focus on exploration as well. Interested investors should also appreciate that this confidence from the management is reflected in the dividend being increased by over 50%, albeit the yield is still modest.

In an uncertain macro-economic and geopolitical environment investors are keen on exposure to gold and gold miners. Out of all the companies in the Mining sector, we would highlight Randgold Resources as our preferred stock. We recommend this stock as a ‘Buy’ for investors looking for capital growth and those that are willing to accept a higher level of risk.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
savings
Inequality worsens as savings gap grows 25%

Inequality is on the rise, with the difference in financial fortunes between low and high income families becoming starker over...

Close