HC Wainwright reaffirmed their buy rating on shares of Randgold Resources (NASDAQ:GOLD) in a research report released on Wednesday morning.
GOLD has been the subject of several other research reports. BidaskClub raised shares of Randgold Resources from a sell rating to a hold rating in a research report on Thursday, December 21st. Desjardins reissued a hold rating on shares of Randgold Resources in a research report on Monday, December 11th. Zacks Investment Research raised shares of Randgold Resources from a strong sell rating to a hold rating in a research report on Wednesday, October 18th. Citigroup raised shares of Randgold Resources from a neutral rating to a buy rating in a report on Tuesday, December 5th. Finally, Royal Bank of Canada raised shares of Randgold Resources to a sector perform rating in a report on Monday, December 4th. They noted that the move was a valuation call. Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $84.90.
Randgold Resources (GOLD) traded down $1.45 during trading on Wednesday, hitting $97.85. 381,492 shares of the stock traded hands, compared to its average volume of 397,482. Randgold Resources has a 52 week low of $80.34 and a 52 week high of $108.29. The firm has a market capitalization of $9,250.00, a price-to-earnings ratio of 33.17 and a beta of -0.12.
Randgold Resources (NASDAQ:GOLD) last released its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $0.51 earnings per share (EPS) for the quarter. Randgold Resources had a net margin of 21.49% and a return on equity of 7.32%. sell-side analysts anticipate that Randgold Resources will post 2.98 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC grew its holdings 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 purchasing an additional 400 shares in the last quarter. Howe & Rusling Inc. bought a new position in Randgold Resources during the 3rd quarter valued at $137,000. FNY Managed Accounts LLC bought a new position in Randgold Resources during the 3rd quarter valued at $152,000. Quadrant Capital Group LLC boosted 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. Finally, Advisor Group Inc. boosted its stake in Randgold Resources by 9.7% during the 2nd quarter. Advisor Group Inc. now owns 2,815 shares of the basic materials company’s stock valued at $248,000 after acquiring an additional 250 shares during the last quarter. 35.11% of the stock is owned by institutional investors and hedge funds.
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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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