Randgold Resources (NASDAQ:GOLD) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Tuesday.
Several other brokerages have also recently issued reports on GOLD. Royal Bank of Canada cut Randgold Resources from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, April 4th. TheStreet lowered Randgold Resources from a “b” rating to a “c+” rating in a report on Tuesday, May 15th. Canaccord Genuity raised Randgold Resources from a “hold” rating to a “buy” rating in a report on Tuesday, March 13th. Desjardins set a $100.00 target price on Randgold Resources and gave the stock a “hold” rating in a report on Monday, April 16th. Finally, JPMorgan Chase & Co. dropped their target price on Randgold Resources from $99.00 to $98.00 and set a “neutral” rating on the stock in a report on Tuesday, May 22nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $103.00.
Shares of Randgold Resources opened at $75.20 on Tuesday, Marketbeat.com reports. Randgold Resources has a 52-week low of $74.02 and a 52-week high of $108.29. The stock has a market capitalization of $7.16 billion, a PE ratio of 25.75 and a beta of 0.13.
Randgold Resources (NASDAQ:GOLD) last announced its quarterly earnings data on Thursday, May 10th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.08). Randgold Resources had a return on equity of 6.72% and a net margin of 21.49%. The firm had revenue of $273.28 million during the quarter. research analysts anticipate that Randgold Resources will post 3.54 EPS for the current year.
A number of institutional investors have recently bought and sold shares of GOLD. SG Americas Securities LLC grew its holdings in Randgold Resources by 24.6% during the fourth quarter. SG Americas Securities LLC now owns 3,385 shares of the basic materials company’s stock worth $335,000 after acquiring an additional 668 shares during the period. US Bancorp DE grew its holdings in Randgold Resources by 33.3% in the fourth quarter. US Bancorp DE now owns 4,140 shares of the basic materials company’s stock valued at $410,000 after purchasing an additional 1,034 shares during the period. First Trust Advisors LP acquired a new stake in Randgold Resources in the fourth quarter valued at approximately $371,000. UBS Asset Management Americas Inc. grew its holdings in Randgold Resources by 9.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 20,410 shares of the basic materials company’s stock valued at $2,018,000 after purchasing an additional 1,695 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Randgold Resources in the fourth quarter valued at approximately $7,424,000. 35.63% of the stock is currently owned by hedge funds and other institutional investors.
About Randgold Resources
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.