Randgold Resources (NASDAQ: GOLD ) For months, gold bullion has been running
ahead of gold mining stocks. But that trend appears to be correcting as major
mining stocks are coming to life. The rise in the price of the metal has
provided gold mining stocks with the means to multiply profits, so the sector is
breaking out of 12 months of relatively flat prices. Randgold mines in West
andCentral Africa. With the rise in the price of gold bullion, the company is
expected to increase earnings to $6.74 in 2012 from $6.22 in 2011, and analysts
have raised their price target to $150. Technically the recent break from a
triple-top gives a target of $140. Click to Enlarge
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