Randgold Resources Ltd. (GOLD) Receives $96.50 Consensus Target Price from Analysts

Shares of Randgold Resources Ltd. (NASDAQ:GOLD) have received a consensus rating of “Hold” from the seventeen analysts that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $96.50.

Several research firms have issued reports on GOLD. BidaskClub upgraded shares of Randgold Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th. Clarus Securities restated a “buy” rating on shares of Randgold Resources in a research note on Friday, August 10th. ValuEngine downgraded shares of Randgold Resources from a “sell” rating to a “strong sell” rating in a research note on Friday. Zacks Investment Research downgraded shares of Randgold Resources from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 4th. Finally, Scotiabank set a $98.00 price objective on shares of Randgold Resources and gave the company a “hold” rating in a research note on Thursday, August 9th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GOLD. Van ECK Associates Corp boosted its stake in Randgold Resources by 22.5% in the first quarter. Van ECK Associates Corp now owns 5,460,098 shares of the basic materials company’s stock valued at $454,499,000 after acquiring an additional 1,001,501 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Randgold Resources by 68.1% during the second quarter. Renaissance Technologies LLC now owns 1,199,362 shares of the basic materials company’s stock worth $92,459,000 after buying an additional 485,862 shares during the period. CI Global Investments Inc. acquired a new stake in shares of Randgold Resources during the first quarter worth about $27,017,000. BlackRock Inc. boosted its stake in shares of Randgold Resources by 2.5% during the second quarter. BlackRock Inc. now owns 9,209,563 shares of the basic materials company’s stock worth $709,966,000 after buying an additional 222,064 shares during the period. Finally, Prince Street Capital Management LLC boosted its stake in shares of Randgold Resources by 58.4% during the first quarter. Prince Street Capital Management LLC now owns 473,000 shares of the basic materials company’s stock worth $39,373,000 after buying an additional 174,300 shares during the period. Institutional investors own 36.67% of the company’s stock.

NASDAQ:GOLD opened at $60.97 on Wednesday. The firm has a market capitalization of $5.81 billion, a P/E ratio of 20.88 and a beta of -0.14. Randgold Resources has a 12 month low of $59.90 and a 12 month high of $104.05.

Randgold Resources (NASDAQ:GOLD) last posted its earnings results on Thursday, August 9th. The basic materials company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). Randgold Resources had a net margin of 19.74% and a return on equity of 5.88%. The business had revenue of $283.66 million during the quarter. equities analysts expect that Randgold Resources will post 2.93 EPS for the current fiscal year.

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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Analyst Recommendations for Randgold Resources (NASDAQ:GOLD)

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