Somewhat Positive Media Coverage Somewhat Unlikely to Affect Randgold Resources (GOLD) Stock Price
News coverage about Randgold Resources (NASDAQ:GOLD) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Randgold Resources earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 44.4115290960764 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several research firms recently commented on GOLD. HC Wainwright reiterated a “buy” rating on shares of Randgold Resources in a research report on Wednesday. Zacks Investment Research lowered Randgold Resources from a “hold” rating to a “strong sell” rating in a research report on Friday, November 10th. UBS AG downgraded shares of Randgold Resources from a “buy” rating to a “neutral” rating in a research note on Thursday, November 9th. Investec raised shares of Randgold Resources from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Finally, BidaskClub downgraded shares of Randgold Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $84.90.
Randgold Resources (NASDAQ:GOLD) traded up $0.26 during trading on Friday, hitting $96.67. 321,907 shares of the stock traded hands, compared to its average volume of 447,539. Randgold Resources has a 1 year low of $67.54 and a 1 year high of $108.29. The company has a market capitalization of $9,093.65, a P/E ratio of 32.77 and a beta of -0.07.
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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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