Randgold Resources Ltd. (GOLD) Given Consensus Rating of “Hold” by Brokerages

Shares of Randgold Resources Ltd. (NASDAQ:GOLD) have received an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $100.50.

A number of brokerages have issued reports on GOLD. Goldman Sachs Group upgraded shares of Randgold Resources from a “neutral” rating to a “buy” rating in a research report on Monday, March 26th. JPMorgan Chase & Co. upgraded shares of Randgold Resources from a “neutral” rating to an “overweight” rating in a research report on Friday, June 8th. ValuEngine cut shares of Randgold Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, May 16th. BidaskClub upgraded shares of Randgold Resources from a “sell” rating to a “hold” rating in a research report on Friday, May 4th. Finally, Zacks Investment Research cut shares of Randgold Resources from a “hold” rating to a “sell” rating in a research report on Monday, April 16th.

Randgold Resources traded up $1.88, reaching $77.09, during midday trading on Friday, according to Marketbeat Ratings. 554,600 shares of the company’s stock were exchanged, compared to its average volume of 579,856. The stock has a market cap of $7.06 billion, a P/E ratio of 26.40 and a beta of 0.13. Randgold Resources has a 1-year low of $74.02 and a 1-year high of $108.29.

Randgold Resources (NASDAQ:GOLD) last announced its earnings results on Thursday, May 10th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). The business had revenue of $273.28 million for the quarter. Randgold Resources had a return on equity of 6.72% and a net margin of 21.49%. research analysts predict that Randgold Resources will post 3.44 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware raised its position in shares of Randgold Resources by 68.0% in the first quarter. Mckinley Capital Management LLC Delaware now owns 2,188 shares of the basic materials company’s stock valued at $182,000 after buying an additional 886 shares during the last quarter. Sei Investments Co. raised its position in shares of Randgold Resources by 27.1% in the first quarter. Sei Investments Co. now owns 2,971 shares of the basic materials company’s stock valued at $247,000 after buying an additional 633 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Randgold Resources in the fourth quarter valued at approximately $371,000. Commonwealth Equity Services LLC raised its position in shares of Randgold Resources by 68.2% in the first quarter. Commonwealth Equity Services LLC now owns 3,823 shares of the basic materials company’s stock valued at $318,000 after buying an additional 1,550 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Randgold Resources in the first quarter valued at approximately $467,000. 35.82% of the stock is owned by institutional investors and hedge funds.

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).

Analyst Recommendations for Randgold Resources (NASDAQ:GOLD)

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