Randgold Resources Ltd. (GOLD) Receives Average Recommendation of “Buy” from Brokerages
Randgold Resources Ltd. (NASDAQ:GOLD) has received a consensus recommendation of “Buy” from the nineteen ratings firms that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $100.00.
Several analysts recently weighed in on the company. Goldman Sachs Group Inc lowered Randgold Resources to a “hold” rating in a research note on Saturday, March 11th. CIBC raised Randgold Resources from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, May 5th. Royal Bank of Canada lowered Randgold Resources from a “sector perform” rating to an “underperform” rating and set a $59.00 price target on the stock. in a research note on Wednesday, March 8th. They noted that the move was a valuation call. Canaccord Genuity lowered Randgold Resources from a “buy” rating to a “hold” rating in a research note on Friday, January 27th. Finally, Berenberg Bank reissued a “buy” rating on shares of Randgold Resources in a research note on Sunday, February 5th.
Several institutional investors have recently bought and sold shares of the company. Credit Agricole S A raised its position in Randgold Resources by 3.4% in the fourth quarter. Credit Agricole S A now owns 108,985 shares of the basic materials company’s stock worth $8,320,000 after buying an additional 3,600 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Randgold Resources by 8.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 32,170 shares of the basic materials company’s stock worth $2,456,000 after buying an additional 2,514 shares in the last quarter. Elkfork Partners LLC bought a new position in Randgold Resources during the fourth quarter worth approximately $113,000. Van Den Berg Management I Inc. raised its position in Randgold Resources by 2.3% in the fourth quarter. Van Den Berg Management I Inc. now owns 4,544 shares of the basic materials company’s stock worth $347,000 after buying an additional 100 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in Randgold Resources by 2.1% in the fourth quarter. Van ECK Associates Corp now owns 6,604,400 shares of the basic materials company’s stock worth $504,180,000 after buying an additional 133,959 shares in the last quarter. 38.52% of the stock is currently owned by institutional investors.
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Shares of Randgold Resources (NASDAQ:GOLD) traded down 2.42% on Tuesday, reaching $93.00. 560,050 shares of the company traded hands. Randgold Resources has a one year low of $67.54 and a one year high of $126.55. The company has a market capitalization of $8.75 billion, a P/E ratio of 33.56 and a beta of 0.13. The firm’s 50 day moving average is $90.46 and its 200 day moving average is $84.35.
Randgold Resources (NASDAQ:GOLD) last released its quarterly earnings data on Thursday, May 4th. The basic materials company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.02. The business had revenue of $316.71 million for the quarter. Randgold Resources had a return on equity of 6.81% and a net margin of 20.61%. Analysts expect that Randgold Resources will post $3.02 earnings per share for the current fiscal year.
The business also recently disclosed a dividend, which will be paid on Friday, May 26th. Investors of record on Friday, March 17th will be paid a $0.98 dividend. This is a positive change from Randgold Resources’s previous dividend of $0.66. The ex-dividend date of this dividend is Wednesday, March 15th. Randgold Resources’s payout ratio is currently 49.04%.
Randgold Resources Company Profile
Randgold Resources Limited is engaged in gold mining, exploration and related activities. The Company’s activities are focused on West and Central Africa. The Company operates through the gold mining segment. The Company operates various mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company is exploring in African countries, such as Mali, Senegal, Cote d’Ivoire and the Democratic Republic of Congo (DRC).
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