Several other analysts also recently commented on GOLD. Zacks Investment Research raised shares of Randgold Resources from a hold rating to a buy rating and set a $113.00 price objective on the stock in a report on Wednesday, September 20th. Investec raised shares of Randgold Resources from a hold rating to a buy rating in a report on Friday, November 3rd. UBS Group downgraded shares of Randgold Resources from a buy rating to a neutral rating in a report on Thursday, November 9th. Royal Bank of Canada raised shares of Randgold Resources to a sector perform rating in a report on Monday, December 4th. They noted that the move was a valuation call. Finally, Citigroup raised shares of Randgold Resources from a neutral rating to a buy rating in a report on Tuesday, December 5th. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Randgold Resources currently has a consensus rating of Hold and an average price target of $84.90.
Shares of Randgold Resources (NASDAQ:GOLD) opened at $98.65 on Wednesday. The company has a market cap of $9,279.91, a price-to-earnings ratio of 33.44 and a beta of -0.12. Randgold Resources has a twelve month low of $80.34 and a twelve month high of $108.29.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Howe & Rusling Inc. acquired a new position in shares of Randgold Resources in the 3rd quarter valued at $137,000. Ninepoint Partners LP acquired a new position in shares of Randgold Resources in the 3rd quarter valued at $10,645,000. Fox Run Management L.L.C. acquired a new position in shares of Randgold Resources in the 3rd quarter valued at $420,000. Essex Investment Management Co. LLC acquired a new position in shares of Randgold Resources in the 3rd quarter valued at $1,928,000. Finally, Aperio Group LLC lifted its stake in shares of Randgold Resources by 10.6% in the 3rd quarter. Aperio Group LLC now owns 174,117 shares of the basic materials company’s stock valued at $17,004,000 after purchasing an additional 16,637 shares during the period. Hedge funds and other institutional investors own 35.11% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This story was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright law. The legal version of this story can be accessed at https://stocknewstimes.com/2018/01/21/randgold-resources-gold-receives-buy-rating-from-hc-wainwright.html.
Randgold Resources 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).
Receive News & Ratings for Randgold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Randgold Resources and related companies with MarketBeat.com's FREE daily email newsletter.