Randgold Resources Given “Hold” Rating at Liberum Capital (GOLD)
Randgold Resources (NASDAQ:GOLD)‘s stock had its “hold” rating restated by equities researchers at Liberum Capital in a research report issued on Wednesday, AnalystRatingsNetwork reports.
Shares of Randgold Resources (NASDAQ:GOLD) traded down 0.89% during mid-day trading on Wednesday, hitting $62.28. The stock had a trading volume of 651,934 shares. Randgold Resources has a 52-week low of $59.19 and a 52-week high of $100.78. The stock has a 50-day moving average of $64.1 and a 200-day moving average of $70.58. The company has a market cap of $5.745 billion and a P/E ratio of 18.40.
Randgold Resources (NASDAQ:GOLD) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.21. The company had revenue of $353.70 million for the quarter, compared to the consensus estimate of $489.90 million. During the same quarter in the prior year, the company posted $1.12 earnings per share. The company’s quarterly revenue was down 8.0% on a year-over-year basis. Analysts expect that Randgold Resources will post $3.03 EPS for the current fiscal year.
GOLD has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Randgold Resources in a research note to investors on Tuesday. Separately, analysts at Canaccord Genuity downgraded shares of Randgold Resources from a “buy” rating to a “hold” rating in a research note to investors on Friday, December 20th. Finally, analysts at Scotiabank upgraded shares of Randgold Resources from a “sector perform” rating to an “outperform” rating in a research note to investors on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $1,612.03.
Randgold Resources Ltd. is engaged in gold mining, exploration and related activities. The Company’s activities are focused on West and Central Africa.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.