Randgold Resources is an African focused gold mining and exploration company with listings on the London Stock Exchange and NASDAQ.
In the article below, I will calculate important ratios in understanding the amount of debt and liabilities the company has incurred. From this analysis we will understand more about the company’s debt, liabilities and financial risk. If this summary is compared with other companies in the same sector, such as Newmont Mining (NEM) or Kinross Gold (KGC), you will be
Continue reading Randgold Resources: Strong Earnings, Low Debt And A $121.00 Price Target $GOLD
Many banks are still bullish on thier outlook of gold in 2013. In reviewing Scotia Bank, Barclays, BofA and Citigroups estimates I have found that these banks are still bullish on gold moving into 2013 but have some questions moving into 2014.
Scotia Bank: In 2013 the bank states in it’s report “Precious Metal Forcast PGM” which was released in November 2012, that they predict gold will reach $2,200/oz. The bank supports the increase in gold “because of the mess
Continue reading Outlook for Gold in 2013
Profitability is a class of financial metrics that are used to assess a business’ ability to generate earnings as compared with expenses and other relevant costs incurred during a specific period of time.
In this section we will look at four tests of profitability. They are: Net Income, Operating Cash Flow, Return on Assets and Quality of Earnings. From these four metrics, we will establish if the company is making money and gauge the quality of the reported profits.
Continue reading Goldcorp: (NYSE:GG, TSX:G) Financial Strength
Banks 2012 Target Price on Gold
Many Banks are still very bullish on gold this year. Here is a list of some of the targeted projections for the year.
Morgan Stanley: $2,200 per ounce
Morgan Stanley lists gold among its ‘favorite longs’ in the commodity complex for 2012 and forecast prices of $2,200 an ounce. ‘We believe the defensive nature of gold, and silver to a lesser degree, will create significant investment demand as investors look
Continue reading Banks 2012 Target Price on Gold