BidaskClub Lowers Randgold Resources Limited (GOLD) to Sell
BidaskClub lowered shares of Randgold Resources Limited (NASDAQ:GOLD) from a hold rating to a sell rating in a report issued on Friday morning.
Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Randgold Resources Limited from a hold rating to a buy rating and set a $98.00 price target for the company in a research note on Wednesday, July 5th. HSBC Holdings plc restated a hold rating on shares of Randgold Resources Limited in a research note on Friday, July 7th. CIBC raised shares of Randgold Resources Limited from a sector perform rating to a sector outperform rating in a report on Friday, May 5th. J P Morgan Chase & Co reaffirmed an overweight rating and set a $107.00 price objective (up from $105.00) on shares of Randgold Resources Limited in a report on Monday, June 5th. Finally, Scotiabank lifted their price objective on shares of Randgold Resources Limited from $102.00 to $141.00 and gave the stock a sector perform rating in a report on Friday, May 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $101.25.
Shares of Randgold Resources Limited (NASDAQ:GOLD) traded up 0.32% during mid-day trading on Friday, reaching $93.24. 129,186 shares of the company’s stock were exchanged. Randgold Resources Limited has a 52-week low of $67.54 and a 52-week high of $120.72.
Randgold Resources Limited (NASDAQ:GOLD) last announced its quarterly earnings results on Thursday, May 4th. The basic materials company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. The business had revenue of $316.71 million during the quarter. Randgold Resources Limited had a net margin of 21.04% and a return on equity of 7.10%. On average, equities research analysts expect that Randgold Resources Limited will post $3.10 earnings per share for the current fiscal year.
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Several institutional investors have recently modified their holdings of GOLD. DekaBank Deutsche Girozentrale increased its position in shares of 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 worth $115,000 after buying an additional 131 shares during the period. ING Groep NV bought a new position in shares of Randgold Resources Limited during the first quarter worth $236,000. Commerzbank Aktiengesellschaft FI increased its position in shares of Randgold Resources Limited by 10.9% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 28,393 shares of the basic materials company’s stock worth $2,478,000 after buying an additional 2,781 shares during the period. Tocqueville Asset Management L.P. increased its position in shares of Randgold Resources Limited by 2.1% in the first quarter. Tocqueville Asset Management L.P. now owns 745,630 shares of the basic materials company’s stock worth $65,079,000 after buying an additional 15,300 shares during the period. Finally, Oxbow Advisors LLC bought a new position in shares of Randgold Resources Limited during the first quarter worth $724,000. 36.37% of the stock is currently owned by institutional investors.
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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