Randgold Resources Limited (GOLD - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $60.97 to $66.16 in the past one-month time frame.
The stock gained after the company announced that it has reached an agreement with Barrick Gold on the terms of a recommended share-for-share merger deal.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Randgold Resources currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Mining – Gold industry may consider a better-ranked stock like Northern Dynasty Minerals, Ltd. (NAK - Free Report) , which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is GOLD going up? Or down? Predict to see what others think:Up or Down
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