BidaskClub upgraded shares of Randgold Resources (NASDAQ:GOLD) from a strong sell rating to a sell rating in a report published on Thursday morning.

GOLD has been the topic of several other research reports. Zacks Investment Research lowered Randgold Resources from a hold rating to a strong sell rating in a research note on Wednesday, July 4th. UBS Group upgraded Randgold Resources from a neutral rating to a buy rating in a research note on Wednesday, August 29th. ValuEngine lowered Randgold Resources from a sell rating to a strong sell rating in a research note on Friday, September 14th. JPMorgan Chase & Co. upgraded Randgold Resources from a neutral rating to an overweight rating in a research note on Friday, June 8th. Finally, Desjardins upgraded Randgold Resources from a hold rating to a buy rating and set a $95.00 price target on the stock in a research note on Friday, August 17th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $97.00.

Shares of Randgold Resources stock opened at $63.91 on Thursday. The firm has a market cap of $6.03 billion, a PE ratio of 26.19 and a beta of -0.14. Randgold Resources has a 12 month low of $59.90 and a 12 month high of $104.05.

Randgold Resources (NASDAQ:GOLD) last announced its quarterly earnings results on Thursday, August 9th. The basic materials company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). The firm had revenue of $283.66 million for the quarter. Randgold Resources had a net margin of 19.74% and a return on equity of 5.88%. analysts forecast that Randgold Resources will post 2.93 EPS for the current year.

A number of hedge funds have recently modified their holdings of GOLD. Wells Fargo & Company MN boosted its position in Randgold Resources by 0.7% during the first quarter. Wells Fargo & Company MN now owns 540,220 shares of the basic materials company’s stock valued at $44,968,000 after purchasing an additional 3,597 shares in the last quarter. Schroder Investment Management Group boosted its position in Randgold Resources by 64.0% during the first quarter. Schroder Investment Management Group now owns 30,430 shares of the basic materials company’s stock valued at $2,533,000 after purchasing an additional 11,875 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Randgold Resources by 22.5% in the first quarter. Van ECK Associates Corp now owns 5,460,098 shares of the basic materials company’s stock worth $454,499,000 after acquiring an additional 1,001,501 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Randgold Resources in the first quarter worth about $716,000. Finally, Sei Investments Co. boosted its holdings in Randgold Resources by 27.1% in the first quarter. Sei Investments Co. now owns 2,971 shares of the basic materials company’s stock worth $247,000 after acquiring an additional 633 shares in the last quarter. 36.66% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Randgold Resources (NASDAQ:GOLD)

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