Randgold Resources (GOLD) Downgraded by BidaskClub

Randgold Resources (NASDAQ:GOLD) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Several other equities research analysts also recently weighed in on the stock. HC Wainwright reaffirmed a “buy” rating on shares of Randgold Resources in a report on Wednesday, November 22nd. Investec raised shares of Randgold Resources from a “hold” rating to a “buy” rating in a report on Friday, November 3rd. JPMorgan Chase & Co. downgraded shares of Randgold Resources from an “overweight” rating to a “neutral” rating in a report on Thursday, December 14th. Royal Bank of Canada raised shares of Randgold Resources to a “sector perform” rating in a report on Monday, December 4th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Randgold Resources from a “hold” rating to a “strong sell” rating in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $76.90.

Randgold Resources (NASDAQ:GOLD) traded down $1.96 during mid-day trading on Thursday, reaching $83.00. 1,370,000 shares of the company traded hands, compared to its average volume of 672,910. The firm has a market capitalization of $7,840.00, a P/E ratio of 28.14 and a beta of -0.06. Randgold Resources has a 1-year low of $81.35 and a 1-year high of $108.29.

Randgold Resources (NASDAQ:GOLD) last posted its quarterly earnings data on Monday, February 5th. The basic materials company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.05). The company had revenue of $328.62 million during the quarter. Randgold Resources had a return on equity of 7.13% and a net margin of 21.72%. equities analysts forecast that Randgold Resources will post 3.77 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its stake in Randgold Resources by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 14,915 shares of the basic materials company’s stock valued at $1,319,000 after buying an additional 56 shares in the last quarter. Advisor Group Inc. lifted its stake in Randgold Resources by 9.7% during the second quarter. Advisor Group Inc. now owns 2,815 shares of the basic materials company’s stock valued at $248,000 after buying an additional 250 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Randgold Resources by 8.1% during the second quarter. Ameriprise Financial Inc. now owns 5,674 shares of the basic materials company’s stock valued at $502,000 after buying an additional 424 shares in the last quarter. Saturna Capital CORP lifted its stake in Randgold Resources by 7.3% during the fourth quarter. Saturna Capital CORP now owns 9,081 shares of the basic materials company’s stock valued at $898,000 after buying an additional 620 shares in the last quarter. Finally, Advisory Services Network LLC lifted its stake in Randgold Resources by 60.4% during the fourth quarter. Advisory Services Network LLC now owns 1,700 shares of the basic materials company’s stock valued at $168,000 after buying an additional 640 shares in the last quarter. 35.25% of the stock is owned by institutional investors.

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About Randgold Resources

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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