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Fly News Breaks for August 29, 2018
GOLD
Aug 29, 2018 | 04:49 EDT
UBS analyst Daniel Major upgraded Randgold Resources to Buy with a price target of 6,000p. After underperforming in the 2018, the shares offer an attractive risk/reward profile, Major tells investors in a research note. The analyst sees the company meeting its guidance and anticipates its excess cash will be returned to shareholders. He also believes risks to gold prices are skewed to the upside.
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