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Randgold Resources (GOLD -2.9%) is downgraded to Reduce from Neutral at Nomura, which cites...
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Monday, April 30, 2012, 9:58 AM ETRandgold Resources (GOLD -2.9%) is downgraded to Reduce from Neutral at Nomura, which cites political risk in Mali. "Over the medium term, as the Malian situation develops, we believe that Randgold’s already premium 1.15x spot price over net asset value rating is unlikely to expand faster than other gold producers where we see more value and less unpriced political risk," the firm says.
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