Randgold Resources (GOLD) Downgraded to Sell at BidaskClub
BidaskClub downgraded shares of Randgold Resources (NASDAQ:GOLD) from a hold rating to a sell rating in a research report report published on Thursday.
GOLD has been the topic of a number of other research reports. Desjardins reissued a hold rating on shares of Randgold Resources in a report on Monday, December 11th. Zacks Investment Research upgraded shares of Randgold Resources from a strong sell rating to a hold rating in a research note on Wednesday, October 18th. Numis Securities lowered shares of Randgold Resources from a buy rating to an add rating in a research note on Tuesday, February 6th. Scotiabank set a $101.00 price target on shares of Randgold Resources and gave the company a hold rating in a research note on Monday, February 5th. Finally, Citigroup upgraded shares of Randgold Resources from a neutral rating to a buy rating in a research note on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $76.90.
Randgold Resources (NASDAQ:GOLD) opened at $83.00 on Thursday. Randgold Resources has a twelve month low of $81.35 and a twelve month high of $108.29. The stock has a market cap of $7,840.00, a PE ratio of 28.14 and a beta of -0.06.
The company also recently declared a None dividend, which will be paid on Friday, May 18th. Shareholders of record on Friday, March 23rd will be paid a $1.98 dividend. The ex-dividend date is Thursday, March 22nd. This represents a dividend yield of 0.0233518103549947%. Randgold Resources’s payout ratio is currently 33.22%.
Several large investors have recently made changes to their positions in the business. Timber Hill LLC acquired a new stake in shares of Randgold Resources in the fourth quarter valued at approximately $2,806,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Randgold Resources in the fourth quarter valued at approximately $7,424,000. Tower Research Capital LLC TRC increased its stake in shares of Randgold Resources by 629.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,188 shares of the basic materials company’s stock valued at $315,000 after acquiring an additional 2,751 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Randgold Resources by 9.1% during 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 acquiring an additional 1,695 shares during the period. Finally, Advisory Services Network LLC increased its stake in shares of Randgold Resources by 60.4% during the fourth quarter. Advisory Services Network LLC now owns 1,700 shares of the basic materials company’s stock valued at $168,000 after acquiring an additional 640 shares during the period. Institutional investors own 35.25% of the company’s stock.
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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).
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