Randgold Resources Limited (GOLD) Receiving Somewhat Favorable Press Coverage, Analysis Shows

Media coverage about Randgold Resources Limited (NASDAQ:GOLD) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Randgold Resources Limited earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 45.4687938345357 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Shares of Randgold Resources Limited (GOLD) opened at $90.55 on Friday. Randgold Resources Limited has a 1-year low of $67.54 and a 1-year high of $108.29. The firm has a market cap of $8,576.25, a PE ratio of 30.91 and a beta of -0.07.

GOLD has been the topic of a number of research reports. BidaskClub raised shares of Randgold Resources Limited from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Zacks Investment Research raised shares of Randgold Resources Limited from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research report on Wednesday, September 20th. Investec raised shares of Randgold Resources Limited from a “hold” rating to a “buy” rating in a research report on Friday, November 3rd. Finally, UBS AG downgraded shares of Randgold Resources Limited from a “buy” rating to a “neutral” rating in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $105.00.

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About Randgold Resources Limited

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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