Randgold Resources Limited (GOLD) Receives Average Rating of “Hold” from Analysts
Randgold Resources Limited (NASDAQ:GOLD) has earned an average rating of “Hold” from the seventeen research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $102.33.
A number of research firms have recently commented on GOLD. Zacks Investment Research upgraded Randgold Resources Limited from a “strong sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub cut Randgold Resources Limited from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, HSBC Holdings plc restated a “hold” rating on shares of Randgold Resources Limited in a research report on Friday, July 7th.
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Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Randgold Resources Limited by 7.8% during the second quarter. BlackRock Inc. now owns 9,333,067 shares of the basic materials company’s stock worth $825,605,000 after buying an additional 671,684 shares during the last quarter. Capital World Investors boosted its stake in Randgold Resources Limited by 102.9% during the second quarter. Capital World Investors now owns 1,007,000 shares of the basic materials company’s stock worth $89,079,000 after buying an additional 510,800 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Randgold Resources Limited by 218.0% during the second quarter. Renaissance Technologies LLC now owns 326,600 shares of the basic materials company’s stock worth $28,891,000 after buying an additional 223,900 shares during the last quarter. Gabelli Funds LLC boosted its stake in Randgold Resources Limited by 16.2% during the second quarter. Gabelli Funds LLC now owns 915,800 shares of the basic materials company’s stock worth $81,012,000 after buying an additional 127,500 shares during the last quarter. Finally, LMR Partners LLP acquired a new position in Randgold Resources Limited during the second quarter worth $8,849,000. Hedge funds and other institutional investors own 35.55% of the company’s stock.
Randgold Resources Limited (NASDAQ GOLD) traded down 0.78% on Friday, reaching $97.58. The company’s stock had a trading volume of 245,148 shares. The company has a market capitalization of $9.18 billion, a price-to-earnings ratio of 31.08 and a beta of -0.05. The firm has a 50-day moving average of $100.28 and a 200 day moving average of $94.26. Randgold Resources Limited has a 12-month low of $67.54 and a 12-month high of $108.29.
Randgold Resources Limited (NASDAQ:GOLD) last posted its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.14. The business had revenue of $336.79 million during the quarter. Randgold Resources Limited had a return on equity of 7.89% and a net margin of 22.75%. On average, equities research analysts anticipate that Randgold Resources Limited will post $3.33 EPS for the current fiscal year.
Randgold Resources Limited 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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