Short term view - RANDGOLD RESOURCES LTD : The 50% retracement has been reached.
In our previous short term analysis (13/10/2016), we were positive.We remain positive with a target at 8078 p and an invalidation level at 6866 p.
Prices are close to a support evel, they may bounce.
Arguments :
- The support has been reached, it causes the bounce.
- The...
Randgold Resources is engaged in gold mining, exploration and related activities. Co.'s activities are focused on West and Central Africa. In Mali, Co. has an 80% controlling interest in the Loulo mine through Societe des Mines de Loulo SA. The Loulo mine is mining from two underground mines. Co. also has an 80% controlling interest in the Gounkoto mine through Societe des Mines de Gounkoto SA. Co. owns 50% of Morila Limited, which in turn owns 80% of Societe des Mines de Morila SA, the owner of the Morila mine in Mali. In addition, Co. owns an effective 89.7% controlling interest in the Tongon mine located in the neighboring country of Cote d'Ivoire.
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