Randgold Resources Ltd.’s Add Rating Reaffirmed at Numis Securities Ltd (GOLD)
Randgold Resources Ltd. (NASDAQ:GOLD) traded down 2.60% on Tuesday, hitting $81.96. 585,033 shares of the company’s stock traded hands. Randgold Resources Ltd. has a one year low of $59.19 and a one year high of $89.89. The stock has a 50-day moving average of $85.35 and a 200-day moving average of $80.6. The company has a market cap of $7.593 billion and a price-to-earnings ratio of 27.15.
Randgold Resources Ltd. (NASDAQ:GOLD) last released its earnings data on Thursday, August 7th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by $0.23. The company had revenue of $294.90 million for the quarter, compared to the consensus estimate of $288.74 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. Analysts expect that Randgold Resources Ltd. will post $3.31 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at HSBC upgraded shares of Randgold Resources Ltd. from an “underweight” rating to a “neutral” rating in a research note on Thursday, August 28th. Separately, analysts at Zacks downgraded shares of Randgold Resources Ltd. from a “neutral” rating to an “underperform” rating in a research note on Monday, August 11th. They now have a $82.80 price target on the stock. Finally, analysts at Westhouse Securities reiterated an “add” rating on shares of Randgold Resources Ltd. in a research note on Friday, August 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $91.40.
Randgold Resources Limited is engage in the exploration and development of gold deposits in Sub-Saharan Africa.
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