Randgold Resources (NASDAQ:GOLD)‘s stock had its “hold” rating restated by equities researchers at Desjardins in a research note issued on Monday. Desjardins also issued estimates for Randgold Resources’ Q4 2017 earnings at $0.81 EPS, Q1 2018 earnings at $0.82 EPS, Q2 2018 earnings at $0.86 EPS, Q3 2018 earnings at $0.86 EPS, Q4 2018 earnings at $0.92 EPS, FY2018 earnings at $3.46 EPS, Q1 2019 earnings at $0.99 EPS, Q2 2019 earnings at $0.98 EPS, Q3 2019 earnings at $0.98 EPS and FY2019 earnings at $3.93 EPS.
Several other research firms also recently weighed in on GOLD. Zacks Investment Research downgraded Randgold Resources from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. HC Wainwright reissued a “buy” rating on shares of Randgold Resources in a report on Wednesday, November 22nd. Royal Bank of Canada raised Randgold Resources to a “sector perform” rating in a report on Monday, December 4th. They noted that the move was a valuation call. BidaskClub downgraded Randgold Resources from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Finally, UBS downgraded Randgold Resources from a “buy” rating to a “neutral” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $84.90.
Shares of Randgold Resources (NASDAQ GOLD) opened at $92.44 on Monday. Randgold Resources has a fifty-two week low of $67.54 and a fifty-two week high of $108.29. The firm has a market capitalization of $8,510.40, a PE ratio of 30.67 and a beta of -0.11.
Institutional investors and hedge funds have recently bought and sold shares of the business. Acrospire Investment Management LLC raised its stake in Randgold Resources by 40.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the basic materials company’s stock valued at $124,000 after acquiring an additional 400 shares during the last quarter. Howe & Rusling Inc. purchased a new stake in Randgold Resources during the 3rd quarter valued at approximately $137,000. FNY Managed Accounts LLC purchased a new stake in Randgold Resources during the 3rd quarter valued at approximately $152,000. Twin Tree Management LP purchased a new stake in Randgold Resources during the 2nd quarter valued at approximately $160,000. Finally, Quadrant Capital Group LLC raised its stake in Randgold Resources by 11.2% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,939 shares of the basic materials company’s stock valued at $162,000 after acquiring an additional 195 shares during the last quarter. 35.18% of the stock is owned by hedge funds and other institutional investors.
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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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