Randgold Resources Limited (NASDAQ:GOLD) has been assigned an average recommendation of “Hold” from the eighteen brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $101.25.
Several equities analysts have recently commented on the company. BidaskClub raised Randgold Resources Limited from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. HSBC Holdings plc reaffirmed a “hold” rating on shares of Randgold Resources Limited in a research note on Friday, July 7th. Zacks Investment Research raised Randgold Resources Limited from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research note on Wednesday, July 5th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $107.00 price target (up previously from $105.00) on shares of Randgold Resources Limited in a research note on Monday, June 5th. Finally, Scotiabank upped their price target on Randgold Resources Limited from $102.00 to $141.00 and gave the company a “sector perform” rating in a research note on Friday, May 5th.
Randgold Resources Limited (NASDAQ GOLD) traded down 0.29% during mid-day trading on Tuesday, reaching $93.43. The company’s stock had a trading volume of 467,749 shares. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of 33.72 and a beta of 0.08. The firm’s 50 day moving average price is $90.03 and its 200 day moving average price is $90.08. Randgold Resources Limited has a 12-month low of $67.54 and a 12-month high of $113.25.
Randgold Resources Limited (NASDAQ:GOLD) last announced its quarterly earnings results on Friday, August 4th. The basic materials company reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.14. Randgold Resources Limited had a return on equity of 7.95% and a net margin of 22.75%. The business had revenue of $336.79 million for the quarter. On average, equities analysts predict that Randgold Resources Limited will post $3.21 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of GOLD. DekaBank Deutsche Girozentrale raised its position in Randgold Resources Limited by 10.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,331 shares of the basic materials company’s stock valued at $115,000 after buying an additional 131 shares during the last quarter. Smith Affiliated Capital Corp. raised its position in Randgold Resources Limited by 4.0% in the second quarter. Smith Affiliated Capital Corp. now owns 1,310 shares of the basic materials company’s stock valued at $116,000 after buying an additional 50 shares during the last quarter. Creative Planning raised its position in Randgold Resources Limited by 41.3% in the second quarter. Creative Planning now owns 1,540 shares of the basic materials company’s stock valued at $136,000 after buying an additional 450 shares during the last quarter. Quadrant Capital Group LLC raised its position in Randgold Resources Limited by 428.5% in the first quarter. Quadrant Capital Group LLC now owns 1,744 shares of the basic materials company’s stock valued at $146,000 after buying an additional 1,414 shares during the last quarter. Finally, Pennsylvania Trust Co purchased a new position in Randgold Resources Limited during the second quarter valued at about $212,000. 36.41% of the stock is currently owned by hedge funds and other institutional investors.
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Randgold Resources Limited Company Profile
Randgold Resources Limited is engaged in gold mining, exploration and related activities. The Company’s activities are focused on West and Central Africa. The Company operates through the gold mining segment. The Company operates various mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company is exploring in African countries, such as Mali, Senegal, Cote d’Ivoire and the Democratic Republic of Congo (DRC).
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