Brokerages Set Randgold Resources Ltd. (GOLD) Price Target at $68.83

Randgold Resources Ltd. (NASDAQ:GOLD) has received a consensus rating of “Hold” from the seventeen brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $68.83.

Several brokerages have weighed in on GOLD. BidaskClub upgraded Randgold Resources from a “strong sell” rating to a “sell” rating in a report on Saturday. Goldman Sachs upgraded Randgold Resources from a “neutral” rating to a “buy” rating in a report on Monday. Canaccord Genuity upgraded Randgold Resources from a “hold” rating to a “buy” rating in a report on Tuesday, March 13th. Scotiabank set a $101.00 target price on Randgold Resources and gave the stock a “hold” rating in a report on Monday, February 5th. Finally, HSBC upgraded Randgold Resources from a “hold” rating to a “buy” rating in a report on Thursday, February 8th.

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GOLD stock traded up $1.30 on Wednesday, reaching $85.22. The company had a trading volume of 272,763 shares, compared to its average volume of 652,834. Randgold Resources has a one year low of $79.17 and a one year high of $108.29. The stock has a market cap of $7,917.48, a PE ratio of 28.84 and a beta of 0.17.

Randgold Resources (NASDAQ:GOLD) last issued its earnings results on Monday, February 5th. The basic materials company reported $0.79 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 during the quarter. equities analysts anticipate that Randgold Resources will post 3.77 EPS for the current fiscal year.

The business also recently disclosed a None dividend, which will be paid on Friday, May 18th. Investors of record on Friday, March 23rd will be paid a dividend of $1.98 per share. This represents a dividend yield of 0.0233518103549947%. The ex-dividend date is Thursday, March 22nd. Randgold Resources’s dividend payout ratio (DPR) is currently 68.04%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. CI Investments Inc. lifted its stake in shares of Randgold Resources by 498.0% during the 4th quarter. CI Investments Inc. now owns 132,810 shares of the basic materials company’s stock worth $13,134,000 after purchasing an additional 110,600 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Randgold Resources by 2.7% during the 4th quarter. Mackenzie Financial Corp now owns 177,363 shares of the basic materials company’s stock worth $17,539,000 after purchasing an additional 4,742 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in shares of Randgold Resources by 6.0% during the 4th quarter. OppenheimerFunds Inc. now owns 264,952 shares of the basic materials company’s stock worth $26,201,000 after purchasing an additional 15,000 shares during the last quarter. Alps Advisors Inc. lifted its stake in shares of Randgold Resources by 3.7% during the 4th quarter. Alps Advisors Inc. now owns 322,817 shares of the basic materials company’s stock worth $31,923,000 after purchasing an additional 11,599 shares during the last quarter. Finally, AGF Investments Inc. lifted its stake in shares of Randgold Resources by 2.2% during the 4th quarter. AGF Investments Inc. now owns 91,899 shares of the basic materials company’s stock worth $9,088,000 after purchasing an additional 2,004 shares during the last quarter. Hedge funds and other institutional investors own 35.33% of the company’s stock.

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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).

Analyst Recommendations for Randgold Resources (NASDAQ:GOLD)

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