Scotia Capital Has Sector Perform On Randgold Resources

Scotia Capital is out with a research report on Randgold Resources Limited (NASDAQ: GOLD) and it has a Sector Perform rating and a $111 price target on shares.

In a note to clients, Scotia Capital writes, "Rainfall in Mali over the past 12 days has exceeded 40cm, or about 40% of the region's annual precipitation, which has impacted the pumping capacity in the Gara and Gounkoto pits, affecting the mining schedule. Haulage and service roads between the Gounkoto mine and the Loulo plant have also been cut off."

Shares of GOLD closed at $105.17 yesterday.