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Wednesday, January 18, 2012

Randgold Resources stock forecast 2012

Randgold Resources stock forecast 2012 : Randgold Resources trades at a forward price earnings ratio of 15.32. The company has revenues of $964.01 million, a cash position of $441.21 million and $2.79 million in debt. During the last year the corporation has seen consistently rising earnings per share ranging from $.29 to $1.22. In the last three quarters the earnings per share number has risen by 225%. This has helped to give the firm higher valuations (for the forward PE ratio) from the solid growth the company is experiencing.

The balance sheet of the firm is outstanding with low amounts of debt, high revenues and a large cash position. While the technical indicators on the stock are bullish, as prices are trading above their 200 day moving average of $95.32. These factors are showing how Randgold has the fundamentals and momentum to trade higher. As a result, the stock could easily break the all-time high of $120.73. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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