According to Zacks, “Randgold Resources is an international gold mining and exploration business. It has to date discovered the 7 Moz Morila deposit in southern Mali, the plus 5 Moz Yalea deposit in western Mali and the 3 Moz Tongon deposit in the Côte d’Ivoire. The Company successfully developed the Morila deposit into one of the world’s largest and highest-margin gold mines. In addition, Randgold Resources has a portfolio of prospective exploration projects across Africa in Mali, Côte d’Ivoire, Senegal, Burkina Faso, Ghana and Tanzania. “
Other equities analysts have also issued research reports about the stock. Scotiabank lowered shares of Randgold Resources from a sector perform rating to an underperform rating in a research report on Wednesday, July 13th. Citigroup Inc. reiterated a sell rating on shares of Randgold Resources in a research report on Thursday, August 18th. Deutsche Bank AG reiterated a hold rating on shares of Randgold Resources in a research report on Saturday, June 25th. Morgan Stanley lowered shares of Randgold Resources from an equal weight rating to an underweight rating in a research report on Monday, July 25th. Finally, Investec reissued a buy rating on shares of Randgold Resources in a research note on Tuesday, July 19th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $101.00.
Shares of Randgold Resources (NASDAQ:GOLD) opened at 83.04 on Tuesday. The company’s 50-day moving average is $96.26 and its 200 day moving average is $99.48. The company has a market cap of $7.78 billion, a price-to-earnings ratio of 41.09 and a beta of 0.39. Randgold Resources has a 1-year low of $58.77 and a 1-year high of $126.55.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Checchi Capital Advisers LLC increased its position in Randgold Resources by 4.7% in the second quarter. Checchi Capital Advisers LLC now owns 1,004 shares of the company’s stock valued at $112,000 after buying an additional 45 shares in the last quarter. Camarda Financial Advisors LLC acquired a new position in Randgold Resources during the second quarter worth approximately $126,000. Seven Eight Capital LLC increased its position in Randgold Resources by 500.0% in the second quarter. Seven Eight Capital LLC now owns 1,200 shares of the company’s stock worth $134,000 after buying an additional 1,000 shares during the period. Thompson Davis & CO. Inc. increased its position in Randgold Resources by 512.5% in the second quarter. Thompson Davis & CO. Inc. now owns 1,225 shares of the company’s stock worth $137,000 after buying an additional 1,025 shares during the period. Finally, Cypress Wealth Advisors LLC acquired a new position in Randgold Resources during the first quarter worth approximately $204,000. 42.81% of the stock is currently owned by institutional investors.
About Randgold Resources
Randgold Resources Limited is engaged in the 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 mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company holds Morila Limited, which holds interests in the Morila mine in Mali.
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