Randgold Resources (GOLD) Rating Reiterated by HC Wainwright

Randgold Resources (NASDAQ:GOLD)‘s stock had its “buy” rating reissued by research analysts at HC Wainwright in a research note issued on Wednesday.

A number of other analysts have also recently weighed in on the company. BidaskClub upgraded Randgold Resources from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. JPMorgan Chase & Co. cut Randgold Resources from an “overweight” rating to a “neutral” rating in a research report on Thursday, December 14th. Desjardins reiterated a “hold” rating on shares of Randgold Resources in a research report on Monday, December 11th. Zacks Investment Research upgraded Randgold Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, Citigroup upgraded Randgold Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 5th. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $84.90.

Randgold Resources (NASDAQ GOLD) traded down $1.09 during trading on Wednesday, reaching $99.30. The company’s stock had a trading volume of 337,500 shares, compared to its average volume of 391,455. Randgold Resources has a one year low of $80.34 and a one year high of $108.29. The firm has a market capitalization of $9,280.00, a PE ratio of 33.66 and a beta of -0.12.

Randgold Resources (NASDAQ:GOLD) last posted its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.51 earnings per share for the quarter. Randgold Resources had a return on equity of 7.32% and a net margin of 21.49%. equities research analysts predict that Randgold Resources will post 2.98 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Randgold Resources 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 purchasing an additional 671,684 shares in the last quarter. Capital World Investors grew its holdings in shares of Randgold Resources 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 grew its holdings in shares of Randgold Resources 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. Aperio Group LLC grew its holdings in shares of Randgold Resources by 10.6% during the third quarter. Aperio Group LLC now owns 174,117 shares of the basic materials company’s stock worth $17,004,000 after buying an additional 16,637 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of Randgold Resources by 9.6% during the third quarter. Parametric Portfolio Associates LLC now owns 151,565 shares of the basic materials company’s stock worth $14,802,000 after buying an additional 13,291 shares during the last quarter. Institutional investors and hedge funds own 35.11% of the company’s stock.

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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).

Analyst Recommendations for Randgold Resources (NASDAQ:GOLD)

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