Today’s midday gainers are Randgold Res Ltd. (NASDAQ:GOLD), Agnico-Eagle Mines Ltd (NYSE:AEM) and Ryanair Holdings Plc (NASDAQ:RYAAY). The midday losers are United Online (NASDAQ:UNTD), Yume Inc (NASDAQ:YUME) and Textura Corp (NYSE:TXTR).
Mining picks paying off for Paulson, Dalio
Up +5.12% midday today, Randgold Resources is starting off the week strong. Earlier today, Randgold reported an annual production increase of +15% in 2013. Although revenues fell overall (a consequence of the declining price of gold), investors shrugged at the news and apparently continue to bet on the gold mining giant. They’re likely also encouraged by the arrival of new CEO Christopher Coleman. Both John Paulson and Ray Dalio have stakes in the Randgold, accounting for 0.31% and 0.03% of their respective portfolios.
Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commodity Index, 3% for the 3 MSCI USA Infrastructure index Read More
Following Randgold is Agnico-Eagle Mines Limited, owner of large gold, silver, copper, zinc and lead mines in Canada, Finland, Mexico, the U.S. and South America. The stock is up +3.60% and is also