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

Headlines about Randgold Resources (NASDAQ:GOLD) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Randgold Resources earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 44.5379964909097 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern’s scoring:

Randgold Resources (GOLD) traded up $3.40 during mid-day trading on Friday, reaching $83.92. 1,093,592 shares of the company were exchanged, compared to its average volume of 663,048. The stock has a market capitalization of $7,925.03, a P/E ratio of 28.84 and a beta of 0.17. Randgold Resources has a 52-week low of $79.17 and a 52-week high of $108.29.

Randgold Resources (NASDAQ:GOLD) last released its quarterly earnings data on Monday, February 5th. The basic materials company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.05). The company had revenue of $328.62 million for the quarter. Randgold Resources had a return on equity of 7.13% and a net margin of 21.72%. analysts predict that Randgold Resources will post 3.77 EPS for the current year.

The business also recently disclosed a None dividend, which will be paid on Friday, May 18th. Investors of record on Friday, March 23rd will be issued a dividend of $1.98 per share. This represents a yield of 0.0233518103549947%. The ex-dividend date of this dividend is Thursday, March 22nd.

GOLD has been the topic of several analyst reports. BidaskClub downgraded shares of Randgold Resources from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. JPMorgan Chase & Co. lowered their target price on shares of Randgold Resources from $103.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 12th. Zacks Investment Research raised shares of Randgold Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 31st. HC Wainwright reissued a “buy” rating on shares of Randgold Resources in a report on Wednesday, January 17th. Finally, Canaccord Genuity raised shares of Randgold Resources from a “hold” rating to a “buy” rating in a report on Tuesday, March 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $79.88.

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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).

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