Analysts Set Randgold Resources Ltd. (GOLD) Price Target at $87.00

Share on StockTwits

Shares of Randgold Resources Ltd. (NASDAQ:GOLD) have earned a consensus rating of “Buy” from the seventeen brokerages that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $87.00.

GOLD has been the topic of several recent research reports. BidaskClub raised Randgold Resources from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 25th. Macquarie cut Randgold Resources from an “outperform” rating to a “neutral” rating in a research report on Monday, October 22nd. They noted that the move was a valuation call. Zacks Investment Research raised Randgold Resources from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 8th. Royal Bank of Canada raised Randgold Resources from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, September 26th. Finally, ValuEngine raised Randgold Resources from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th.

Several institutional investors and hedge funds have recently modified their holdings of GOLD. Sei Investments Co. lifted its holdings in shares of Randgold Resources by 27.9% during the 2nd quarter. Sei Investments Co. now owns 3,799 shares of the basic materials company’s stock valued at $293,000 after purchasing an additional 828 shares during the last quarter. Natixis lifted its holdings in shares of Randgold Resources by 49.0% during the 2nd quarter. Natixis now owns 40,845 shares of the basic materials company’s stock valued at $3,149,000 after purchasing an additional 13,438 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Randgold Resources by 467.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,401 shares of the basic materials company’s stock valued at $493,000 after purchasing an additional 5,272 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of Randgold Resources by 320.8% during the 2nd quarter. Schroder Investment Management Group now owns 128,035 shares of the basic materials company’s stock valued at $9,630,000 after purchasing an additional 97,605 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Randgold Resources by 2.5% during the 2nd quarter. Northern Trust Corp now owns 92,296 shares of the basic materials company’s stock valued at $7,115,000 after purchasing an additional 2,210 shares during the last quarter. Hedge funds and other institutional investors own 39.71% of the company’s stock.

NASDAQ:GOLD traded down $0.11 during midday trading on Tuesday, hitting $11.79. The stock had a trading volume of 13,765,841 shares, compared to its average volume of 15,304,054. Randgold Resources has a one year low of $9.53 and a one year high of $15.52. The stock has a market cap of $7.83 billion, a P/E ratio of 4.04 and a beta of -0.23.

Randgold Resources (NASDAQ:GOLD) last announced its quarterly earnings data on Wednesday, October 24th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. Randgold Resources had a return on equity of 6.16% and a net margin of 21.82%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.81 billion. As a group, sell-side analysts anticipate that Randgold Resources will post 2.62 EPS for the current fiscal year.

Randgold Resources Company Profile

Randgold Resources Ltd. engages in the exploration and development of gold deposits. Its projects include the following: Loulo-Gounkoto complex, Morila gold mine, Tongon gold mine, Kibali gold mine, and Massawa. The company was founded in August 1995 and is headquartered in St. Helier, the United Kingdom.

Featured Article: What is the quiet period?

Analyst Recommendations for Randgold Resources (NASDAQ:GOLD)

Receive News & Ratings for Randgold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Randgold Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Ace Trading Up 2.4% Over Last Week
Ace Trading Up 2.4% Over Last Week
IncaKoin 24-Hour Trading Volume Reaches $0.00
IncaKoin 24-Hour Trading Volume Reaches $0.00
Hallmark Financial Services, Inc.  Expected to Post Quarterly Sales of $88.20 Million
Hallmark Financial Services, Inc. Expected to Post Quarterly Sales of $88.20 Million
Irsa Inversiones y Rprsntcins SA  Given $14.00 Consensus Price Target by Analysts
Irsa Inversiones y Rprsntcins SA Given $14.00 Consensus Price Target by Analysts
Helix Energy Solutions Group   Shares Down 7.2%
Helix Energy Solutions Group Shares Down 7.2%
Eventbrite Inc  Given Average Rating of “Hold” by Brokerages
Eventbrite Inc Given Average Rating of “Hold” by Brokerages


© 2006-2019 Ticker Report