ValuEngine Lowers Randgold Resources (GOLD) to Sell

Randgold Resources (NASDAQ:GOLD) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Wednesday.

Other equities analysts have also recently issued research reports about the company. BidaskClub cut Randgold Resources from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Numis Securities cut Randgold Resources from a “buy” rating to an “add” rating in a report on Tuesday, February 6th. Scotiabank set a $101.00 target price on Randgold Resources and gave the stock a “hold” rating in a report on Monday, February 5th. HSBC upgraded Randgold Resources from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Finally, Zacks Investment Research cut Randgold Resources from a “hold” rating to a “sell” rating in a report on Monday, February 12th. Four analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $104.00.

NASDAQ GOLD opened at $78.08 on Wednesday. The company has a market cap of $7.37 billion, a price-to-earnings ratio of 26.74 and a beta of 0.13. Randgold Resources has a 1-year low of $77.58 and a 1-year high of $78.32.

Randgold Resources (NASDAQ:GOLD) last announced its earnings results on Thursday, May 10th. The basic materials company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.08). The company had revenue of $273.28 million during the quarter. Randgold Resources had a return on equity of 6.72% and a net margin of 21.49%. equities research analysts expect that Randgold Resources will post 3.65 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Natixis bought a new stake in shares of Randgold Resources during the 1st quarter worth approximately $2,281,000. Westwood Holdings Group Inc. lifted its stake in shares of Randgold Resources by 14.8% during the 1st quarter. Westwood Holdings Group Inc. now owns 44,213 shares of the basic materials company’s stock worth $3,680,000 after acquiring an additional 5,704 shares during the last quarter. Boyer & Corporon Wealth Management LLC lifted its stake in shares of Randgold Resources by 14.4% during the 1st quarter. Boyer & Corporon Wealth Management LLC now owns 47,805 shares of the basic materials company’s stock worth $3,979,000 after acquiring an additional 6,028 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Randgold Resources by 68.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 3,823 shares of the basic materials company’s stock worth $318,000 after acquiring an additional 1,550 shares during the last quarter. Finally, Prince Street Capital Management LLC lifted its stake in shares of Randgold Resources by 58.4% during the 1st quarter. Prince Street Capital Management LLC now owns 473,000 shares of the basic materials company’s stock worth $39,373,000 after acquiring an additional 174,300 shares during the last quarter. Hedge funds and other institutional investors own 35.10% of the company’s stock.

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Randgold Resources (NASDAQ:GOLD)

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