PLAYS OF THE WEEK UPDATE: Randgold Resources (RRS)

RRS

Published date:
Thursday, January 17, 2008

Randgold Resources (RRS) £22.93

Tipped at £11.83 on 1 March 2007 the shares have almost doubled, helped by a near 500p jump this month. This was due to the price of gold surging through the $900 an ounce mark. Long-term prospects for Randgold look good with output rising to nearly 500,000 ounces a year.

But the rating is becoming stretched unless you are a gold bug and reckon bullion has much further to run. Nothing wrong with selling half your shares and having a free ride with the remainder.

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