Gold Demand Sets $236 Billion Record in 2012: SPDR Gold Trust (ETF) (GLD) and More

However, a weakening gold price has put Randgold’s share price under pressure and it’s fallen 28% since the start of October. This gives Randgold a forward price-to-earnings ratio of 14, with a forecast 2013 dividend yield of 0.7% — modest, but higher than the company’s historic average.

If the price of gold remains stable and Randgold continues to deliver on its promises this year, then I think the company’s share price could recover steadily from its current weak patch, outperforming gold ETFs.

2013’s top growth stock?
Over the last 10 years, Randgold Resources has delivered capital gains of 734% to investors. The company still has room to grow, but it is unlikely to repeat this performance — it’s simply too big.

However, one company that is delivering strong growth is discussed in this free Motley Fool report, “The Top Growth Share for 2013.” The share highlighted in the report gained 38% in 2012, during which time the FTSE 100 rose just 6%.

The article Gold Demand Sets $236 Billion Record in 2012 originally appeared on Fool.com and is written by Roland Head.

Roland Head has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

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