Zacks Investment Research upgraded shares of Randgold Resources (NASDAQ:GOLD) from a sell rating to a hold rating in a research report report published on Monday morning.
According to Zacks, “Randgold Resources is an international gold mining and exploration business. It has to date discovered the 7 Moz Morila deposit in southern Mali, the plus 5 Moz Yalea deposit in western Mali and the 3 Moz Tongon deposit in the Côte d’Ivoire. The Company successfully developed the Morila deposit into one of the world’s largest and highest-margin gold mines. In addition, Randgold Resources has a portfolio of prospective exploration projects across Africa in Mali, Côte d’Ivoire, Senegal, Burkina Faso, Ghana and Tanzania. “
Other analysts also recently issued reports about the company. Numis Securities downgraded Randgold Resources from a buy rating to an add rating in a research report on Tuesday, February 6th. Citigroup upgraded Randgold Resources from a neutral rating to a buy rating in a research report on Tuesday, December 5th. HC Wainwright restated a buy rating on shares of Randgold Resources in a research report on Wednesday, November 22nd. Investec upgraded Randgold Resources from a hold rating to a buy rating in a research report on Friday, November 3rd. Finally, HSBC upgraded Randgold Resources from a hold rating to a buy rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $75.70.
Randgold Resources (NASDAQ:GOLD) last announced its quarterly earnings data on Monday, February 5th. The basic materials company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.05). Randgold Resources had a return on equity of 7.13% and a net margin of 21.72%. The business had revenue of $328.62 million for the quarter. equities analysts forecast that Randgold Resources will post 3.77 EPS for the current year.
The company also recently announced a None dividend, which will be paid on Friday, May 18th. Shareholders of record on Friday, March 23rd will be issued a $1.98 dividend. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a yield of 0.0233518103549947%. Randgold Resources’s payout ratio is presently 33.11%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its holdings in Randgold Resources by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,915 shares of the basic materials company’s stock worth $1,319,000 after purchasing an additional 56 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Randgold Resources by 8.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,674 shares of the basic materials company’s stock worth $502,000 after purchasing an additional 424 shares in the last quarter. Saturna Capital CORP increased its holdings in Randgold Resources by 7.3% in the 4th quarter. Saturna Capital CORP now owns 9,081 shares of the basic materials company’s stock worth $898,000 after purchasing an additional 620 shares in the last quarter. Advisory Services Network LLC increased its holdings in Randgold Resources by 60.4% in the 4th quarter. Advisory Services Network LLC now owns 1,700 shares of the basic materials company’s stock worth $168,000 after purchasing an additional 640 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Randgold Resources by 24.6% in the 4th quarter. SG Americas Securities LLC now owns 3,385 shares of the basic materials company’s stock worth $335,000 after purchasing an additional 668 shares in the last quarter. 35.11% of the stock is owned by institutional investors and hedge funds.
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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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