Royal Bank of Canada downgraded shares of Randgold Resources (NASDAQ:GOLD) from a sector perform rating to an underperform rating in a report released on Wednesday morning, MarketBeat Ratings reports.
A number of other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Randgold Resources from a hold rating to a sell rating in a research note on Monday, February 12th. BidaskClub cut shares of Randgold Resources from a hold rating to a sell rating in a research note on Wednesday, December 6th. JPMorgan Chase dropped their price target on shares of Randgold Resources from $103.00 to $101.00 and set an overweight rating for the company in a research note on Monday, February 12th. Citigroup raised shares of Randgold Resources from a neutral rating to a buy rating in a research note on Tuesday, December 5th. Finally, HC Wainwright reaffirmed a buy rating on shares of Randgold Resources in a research note on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $79.88.
GOLD stock opened at $79.73 on Wednesday. Randgold Resources has a 12 month low of $77.70 and a 12 month high of $108.29. The stock has a market cap of $7,450.30, a P/E ratio of 27.12 and a beta of 0.11.
Randgold Resources (NASDAQ:GOLD) last released its quarterly earnings results on Monday, February 5th. The basic materials company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.05). Randgold Resources had a return on equity of 7.13% and a net margin of 21.72%. The firm had revenue of $328.62 million for the quarter. analysts predict that Randgold Resources will post 3.73 earnings per share for the current year.
The business also recently disclosed a None dividend, which will be paid on Friday, May 18th. Shareholders of record on Friday, March 23rd will be given a $1.98 dividend. The ex-dividend date is Thursday, March 22nd. Randgold Resources’s dividend payout ratio (DPR) is 67.81%.
Institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC boosted its position in Randgold Resources by 60.4% in the 4th quarter. Advisory Services Network LLC now owns 1,700 shares of the basic materials company’s stock valued at $168,000 after buying an additional 640 shares during the period. Tower Research Capital LLC TRC boosted its position in Randgold Resources by 629.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,188 shares of the basic materials company’s stock valued at $315,000 after buying an additional 2,751 shares during the period. SG Americas Securities LLC boosted its position in Randgold Resources by 24.6% in the 4th quarter. SG Americas Securities LLC now owns 3,385 shares of the basic materials company’s stock valued at $335,000 after buying an additional 668 shares during the period. First Trust Advisors LP purchased a new stake in Randgold Resources in the 4th quarter valued at about $371,000. Finally, FNY Partners Fund LP purchased a new stake in Randgold Resources in the 4th quarter valued at about $395,000. 35.33% of the stock is owned by 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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