Randgold Resources (GOLD) PT Lowered to $101.00

Randgold Resources (NASDAQ:GOLD) had its price target decreased by research analysts at JPMorgan Chase & Co. from $103.00 to $101.00 in a note issued to investors on Monday. The firm currently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 21.69% from the company’s current price.

A number of other research firms also recently commented on GOLD. BidaskClub downgraded Randgold Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. Zacks Investment Research upgraded Randgold Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 31st. HC Wainwright reiterated a “buy” rating on shares of Randgold Resources in a research report on Wednesday, January 17th. Investec upgraded Randgold Resources from a “hold” rating to a “buy” rating in a research report on Friday, November 3rd. Finally, UBS Group downgraded Randgold Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $75.70.

Randgold Resources (NASDAQ:GOLD) traded down $1.96 on Monday, reaching $83.00. The company’s stock had a trading volume of 1,371,000 shares, compared to its average volume of 676,814. The stock has a market capitalization of $7,807.70, a P/E ratio of 28.52 and a beta of -0.06. Randgold Resources has a one year low of $81.35 and a one year high of $108.29.

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

Several large investors have recently modified their holdings of the company. Timber Hill LLC purchased a new stake in shares of Randgold Resources in the fourth quarter valued at $2,806,000. Arrowstreet Capital Limited Partnership purchased a new position in Randgold Resources during the fourth quarter worth about $7,424,000. Tower Research Capital LLC TRC lifted its position in Randgold Resources by 629.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,188 shares of the basic materials company’s stock worth $315,000 after buying an additional 2,751 shares during the period. UBS Asset Management Americas Inc. lifted its position in Randgold Resources by 9.1% during the fourth quarter. UBS Asset Management Americas Inc. now owns 20,410 shares of the basic materials company’s stock worth $2,018,000 after buying an additional 1,695 shares during the period. Finally, Advisory Services Network LLC lifted its position 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 worth $168,000 after buying an additional 640 shares during the period. Institutional investors and hedge funds own 35.37% of the company’s stock.

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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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