By David Zanoni:Randgold Resources (GOLD) is a $10.8 billion large cap gold miner with operations in west and central Africa. Its stock has outperformed GLD year over year, rising from the single digits early in the 21st century to its current price of $118. It has achieved this via extraordinary earnings growth.
The following table displays Randgold Resources' controlling mine interests:
|
Mine
|
Controlling
Interest
|
Reserve
(ounces)
|
|
Loulo
|
80%
|
7 million
|
|
Morila
|
40%
|
7.5 million
|
|
Tongon
|
89%
|
4 million
|
|
Massawa
|
83.25%
|
3 million
|
|
Kibali
|
45%
|
10 million
|
|
Gounkoto
|
Exploration
|
5.5 million
|
|
Faraba
|
Exploration
|
540,000
|
Financials
When looking at Randgold's trailing PE ratio of 38.02, the company appears a little rich in value. However, its forward PE ratio of 16.98, PEG of 0.59, and Price to Book ratio of 5.16 show that the company is still fairly valued.
Randgold has some impressive profitability. The following figures were through September 30, 2011: Its profit margin
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