Randgold Resources (GOLD) Receives “Buy” Rating from HC Wainwright

HC Wainwright reiterated their buy rating on shares of Randgold Resources (NASDAQ:GOLD) in a research note published on Wednesday morning.

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.

Randgold Resources (NASDAQ:GOLD) last released its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $0.51 EPS for the quarter. Randgold Resources had a net margin of 21.49% and a return on equity of 7.32%. analysts predict that Randgold Resources will post 2.98 EPS for the current year.

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.

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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).

Analyst Recommendations for Randgold Resources (NASDAQ:GOLD)

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