Randgold Resources Stock Rating Upgraded by TheStreet (GOLD)
Randgold Resources (NASDAQ:GOLD) was upgraded by research analysts at TheStreet from a “hold” rating to a “buy” rating in a report released on Tuesday, Analyst Ratings Network.com reports.
The analysts wrote, “Randgold Resources (GOLD) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
A number of other analysts have also recently weighed in on GOLD. Analysts at Zacks downgraded shares of Randgold Resources (NASDAQ:GOLD) from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, August 30th. They now have a $77.30 price target on the stock. Finally, analysts at Nomura upgraded shares of Randgold Resources (NASDAQ:GOLD) from a “reduce” rating to a “neutral” rating in a research note to investors on Friday, July 5th.
One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $100.99.
Shares of Randgold Resources (NASDAQ:GOLD) traded down 4.55% on Tuesday, hitting $72.92. The stock had a trading volume of 992,889 shares. Randgold Resources has a 1-year low of $60.17 and a 1-year high of $127.27. The stock’s 50-day moving average is $75.5 and its 200-day moving average is $75.81. The company has a market cap of $6.724 billion and a price-to-earnings ratio of 20.85.
Randgold Resources (NASDAQ:GOLD) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.54 by $0.04. The company had revenue of $233.20 million for the quarter, compared to the consensus estimate of $456.20 million. During the same quarter in the prior year, the company posted $1.28 earnings per share. The company’s quarterly revenue was down 26.1% on a year-over-year basis. Analysts expect that Randgold Resources will post $3.06 EPS for the current fiscal year.
Randgold Resources Ltd. is engaged in gold mining, exploration and related activities. The Company’s activities are focused on West and Central Africa.
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