Randgold Resources (GOLD) Receives $69.17 Consensus Target Price from Analysts

Shares of Randgold Resources (NASDAQ:GOLD) have earned an average recommendation of “Hold” from the seventeen brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $76.88.

A number of research firms recently commented on GOLD. Goldman Sachs upgraded Randgold Resources from a “neutral” rating to a “buy” rating in a research report on Monday, March 26th. JPMorgan Chase decreased their price target on Randgold Resources from $103.00 to $102.00 and set a “neutral” rating on the stock in a research report on Monday, April 9th. BidaskClub upgraded Randgold Resources from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Zacks Investment Research lowered Randgold Resources from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Numis Securities lowered Randgold Resources from a “buy” rating to an “add” rating in a research report on Tuesday, February 6th.

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Shares of GOLD traded down $1.12 during mid-day trading on Friday, reaching $80.30. The company had a trading volume of 142,128 shares, compared to its average volume of 627,388. Randgold Resources has a twelve month low of $77.70 and a twelve month high of $108.29. The stock has a market cap of $7,747.71, a PE ratio of 27.88 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 the Zacks’ consensus estimate of $0.84 by ($0.05). The business had revenue of $328.62 million for the quarter. Randgold Resources had a return on equity of 7.13% and a net margin of 21.72%. analysts anticipate that Randgold Resources will post 3.72 earnings per share for the current fiscal year.

The company also recently disclosed an annual dividend, which will be paid on Friday, May 18th. Shareholders of record on Friday, March 23rd will be given a $2.00 dividend. The ex-dividend date of this dividend is Thursday, March 22nd. Randgold Resources’s payout ratio is 67.81%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Saturna Capital CORP boosted its position in Randgold Resources by 7.3% in the 4th quarter. Saturna Capital CORP now owns 9,081 shares of the basic materials company’s stock valued at $898,000 after buying an additional 620 shares during the last quarter. 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 last quarter. 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 last quarter. CoreCommodity Management LLC boosted its position in Randgold Resources by 8.9% in the 4th quarter. CoreCommodity Management LLC now owns 9,475 shares of the basic materials company’s stock valued at $937,000 after buying an additional 773 shares during the last quarter. Finally, US Bancorp DE boosted its position in Randgold Resources by 33.3% in the 4th quarter. US Bancorp DE now owns 4,140 shares of the basic materials company’s stock valued at $410,000 after buying an additional 1,034 shares during the last quarter. Hedge funds and other institutional investors own 35.30% of the company’s stock.

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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).

Analyst Recommendations for Randgold Resources (NASDAQ:GOLD)

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