Randgold Resources Limited (NASDAQ:GOLD) has earned an average rating of “Hold” from the eighteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $101.25.
A number of research analysts have weighed in on GOLD shares. Zacks Investment Research raised Randgold Resources Limited from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a report on Wednesday, July 5th. BidaskClub raised Randgold Resources Limited from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. HSBC Holdings plc reissued a “hold” rating on shares of Randgold Resources Limited in a report on Friday, July 7th. J P Morgan Chase & Co restated an “overweight” rating and issued a $107.00 price target (up previously from $105.00) on shares of Randgold Resources Limited in a research report on Monday, June 5th. Finally, CIBC upgraded Randgold Resources Limited from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, May 5th.
Shares of Randgold Resources Limited (GOLD) traded up 1.04% during midday trading on Friday, reaching $97.94. The company had a trading volume of 580,371 shares. Randgold Resources Limited has a 1-year low of $67.54 and a 1-year high of $111.80. The company’s 50-day moving average is $90.85 and its 200-day moving average is $90.51. The stock has a market capitalization of $9.21 billion, a PE ratio of 31.19 and a beta of 0.08.
Randgold Resources Limited (NASDAQ:GOLD) last posted its earnings results on Friday, August 4th. The basic materials company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.14. Randgold Resources Limited had a return on equity of 7.89% and a net margin of 22.75%. The company had revenue of $336.79 million for the quarter. On average, equities research analysts forecast that Randgold Resources Limited will post $3.30 EPS for the current year.
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Several hedge funds have recently added to or reduced their stakes in the company. Smith Affiliated Capital Corp. boosted its stake in Randgold Resources Limited by 4.0% in the second quarter. Smith Affiliated Capital Corp. now owns 1,310 shares of the basic materials company’s stock valued at $116,000 after buying an additional 50 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Randgold Resources Limited by 10.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,331 shares of the basic materials company’s stock valued at $115,000 after buying an additional 131 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in Randgold Resources Limited by 40.0% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the basic materials company’s stock valued at $124,000 after buying an additional 400 shares in the last quarter. Creative Planning boosted its stake in Randgold Resources Limited by 41.3% in the second quarter. Creative Planning now owns 1,540 shares of the basic materials company’s stock valued at $136,000 after buying an additional 450 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of Randgold Resources Limited by 428.5% in the first quarter. Quadrant Capital Group LLC now owns 1,744 shares of the basic materials company’s stock worth $146,000 after buying an additional 1,414 shares during the last quarter. Hedge funds and other institutional investors own 36.41% of the company’s stock.
Randgold Resources Limited 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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