Randgold Resources Ltd. (GOLD) Posts Quarterly Results
Randgold Resources Ltd. (NASDAQ:GOLD) announced its earnings results on Thursday. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by $0.23, AmericanBankingNews.com reports.
A number of analysts have recently weighed in on GOLD shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Randgold Resources Ltd. in a research note on Wednesday. On a related note, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Randgold Resources Ltd. in a research note on Monday. Finally, analysts at Westhouse Securities reiterated an “add” rating on shares of Randgold Resources Ltd. in a research note on Monday, July 28th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $92.35.
Shares of Randgold Resources Ltd. (NASDAQ:GOLD) traded down 0.59% on Thursday, hitting $85.79. The stock had a trading volume of 312,603 shares. Randgold Resources Ltd. has a one year low of $59.19 and a one year high of $89.89. The stock’s 50-day moving average is $85.48 and its 200-day moving average is $79.15. The company has a market cap of $7.937 billion and a P/E ratio of 28.58.
Randgold Resources Limited is engage in the exploration and development of gold deposits in Sub-Saharan Africa.
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