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GOLD

Randgold

$88.25

1 (1.15%)

04:51
10/10/16
10/10
04:51
10/10/16
04:51

Randgold continues to engage to resolve tax issues in Mali

Randgold Resources said it was disappointed that the Malian government had escalated their long-running tax dispute to the extent of closing the group's offices in the country's capital Bamako. The closure does not affect the operations of its three mines in Mali. As Randgold has previously disclosed, most recently in its August 2016 quarterly report, it has been professionally advised that a large proportion of the tax claims received from the state of Mali in respect of its operations in that country are without merit or foundation. Following the appropriate legal process, it is strongly defending its position in relation to these claims. The company pointed out that the Morila, Loulo and Gounkoto operations, each have legally binding establishment conventions which guarantee fiscal stability, govern the taxes applicable to the companies and allow for international arbitration in the event a dispute cannot be amicably resolved. It noted that the International Center for Settlement of Investment Disputes had recently awarded $29.2M plus costs to Loulo for taxes found by the tribunal to have been wrongfully collected by the Malian government.

GOLD Randgold
$88.25

1 (1.15%)

09/07/16
BREN
09/07/16
INITIATION
BREN
Hold
Randgold initiated with a Hold at Berenberg
Price target 7,190p.
09/07/16
09/07/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Navistar (NAV) initiated with a Hold at Deutsche Bank. 2. Barrick Gold (ABX) initiated with a Sell at Berenberg while the firm initiated Randgold (GOLD), Kinross Gold (KGC), and Goldcorp (GG) with a Hold. 3. 3. After the close on Tuesday, Deutsche Bank analysts Nicole DeBlase, Saree Boroditsky, and Kevin Marek initiated the U.S. Machinery group with a "cautious view." Oshkosh (OSK), Caterpillar (CAT), and Wabtec (WAB) were initiated with Buy ratings at Deutsche Bank, while the firm initiated Cummins (CMI) and CNH Industrial (CNHI) with Sell ratings. The firm also initiated Deere (DE), AGCO (AGCO), Terex (TEX), PACCAR (PCAR), WABCO (WBC), and United Rentals (URI) with Hold ratings. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/09/16
UBSW
09/09/16
UPGRADE
UBSW
Buy
Randgold upgraded to Buy from Neutral at UBS
UBS upgraded Randgold to Buy citing the recent pullback in the shares and the potential for a dividend raise in 2017.
09/09/16
09/09/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Chesapeake (CHK) upgraded to Buy from Hold at Wunderlich with analyst Jason Wangler saying the company's assets are performing and its balance sheet is improving. 2. GameStop (GME) upgraded to Buy from Neutral at Hilliard Lyons. 3. Finisar (FNSR) upgraded to Buy from Neutral at MKM Partners with analyst Michael Genovese saying he is "extremely upbeat on the Optical components/module industry," and Chinese demand for 10G and 100G Optical modules appears it can stay strong for multiple years. 4. Randgold (GOLD) upgraded to Buy from Neutral at UBS with the firm citing the recent pullback in the shares and the potential for a dividend raise in 2017. 5. Teekay LNG (TGP) upgraded to Outperform from Market Perform at Wells Fargo analyst Michael Webber saying the discount to net asset value and the company's progress around financing its order book make the valuation "particularly compelling." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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MGM

MGM Resorts

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MGP

MGM Growth

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NOW

ServiceNow

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0.68 (0.75%)

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MGM

MGM Resorts

$29.79

0.44 (1.50%)

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DRYS

DryShips

$1.23

-0.1 (-7.52%)

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CWT

California Water Service

$38.30

0.65 (1.73%)

08:46
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Earnings
California Water Service reports Q1 EPS 2c, consensus 9c »

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OAK

Oaktree Capital

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Earnings
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UAA

Under Armour

$19.71

0.18 (0.92%)

, CTL

CenturyLink

$25.87

-0.06 (-0.23%)

08:46
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Options
Largest borrow rate increases among liquid names »

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UAA

Under Armour

$19.71

0.18 (0.92%)

CTL

CenturyLink

$25.87

-0.06 (-0.23%)

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CNMD

CONMED

$48.13

0.93 (1.97%)

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ALKS

Alkermes

$57.13

0.13 (0.23%)

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MGM

MGM Resorts

$29.79

0.44 (1.50%)

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Hot Stocks
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General news
FX Action: The dollar »

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AAL

American Airlines

$46.40

-0.21 (-0.45%)

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Technical Analysis
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WSM

Williams-Sonoma

$54.66

0.03 (0.05%)

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  • 20

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FFIV

F5 Networks

$137.30

-0.89 (-0.64%)

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MPWR

Monolithic Power

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CLRB

Cellectar Biosciences

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MGM

MGM Resorts

$29.79

0.44 (1.50%)

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Earnings
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DLX

Deluxe

$71.85

0.26 (0.36%)

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Earnings
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ALKS

Alkermes

$57.13

0.13 (0.23%)

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UPS

UPS

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RMTI

Rockwell Medical

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MDSO

Medidata

$67.14

3.8 (6.00%)

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  • 09

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