Randgold Resources (GOLD) Cut to “Sell” at BidaskClub

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BidaskClub cut shares of Randgold Resources (NASDAQ:GOLD) from a hold rating to a sell rating in a research note issued to investors on Tuesday, June 12th.

Several other research firms have also commented on GOLD. Zacks Investment Research upgraded Randgold Resources from a sell rating to a hold rating in a research note on Monday, February 19th. Goldman Sachs Group upgraded Randgold Resources from a neutral rating to a buy rating in a research note on Monday, March 26th. Canaccord Genuity upgraded Randgold Resources from a hold rating to a buy rating in a research note on Tuesday, March 13th. JPMorgan Chase & Co. reduced their price objective on Randgold Resources from $103.00 to $101.00 and set an overweight rating for the company in a research note on Monday, February 12th. Finally, Royal Bank of Canada lowered Randgold Resources from a sector perform rating to an underperform rating in a research note on Wednesday, April 4th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Randgold Resources has an average rating of Hold and an average target price of $103.00.

Shares of GOLD opened at $74.64 on Tuesday. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 25.56 and a beta of 0.13. Randgold Resources has a 1-year low of $74.12 and a 1-year high of $108.29.

Randgold Resources (NASDAQ:GOLD) last announced its earnings results on Thursday, May 10th. The basic materials company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). The company had revenue of $273.28 million for the quarter. Randgold Resources had a net margin of 21.49% and a return on equity of 6.72%. equities research analysts predict that Randgold Resources will post 3.54 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of GOLD. Advisory Services Network LLC boosted its holdings in Randgold Resources by 60.4% in the 4th 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. Mckinley Capital Management LLC Delaware boosted its holdings in Randgold Resources by 68.0% in the 1st quarter. Mckinley Capital Management LLC Delaware now owns 2,188 shares of the basic materials company’s stock worth $182,000 after buying an additional 886 shares during the period. Sei Investments Co. boosted its holdings in Randgold Resources by 27.1% in the 1st quarter. Sei Investments Co. now owns 2,971 shares of the basic materials company’s stock worth $247,000 after buying an additional 633 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Randgold Resources by 629.5% in the 4th 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. Finally, Commonwealth Equity Services LLC boosted its holdings in Randgold Resources by 68.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 3,823 shares of the basic materials company’s stock worth $318,000 after buying an additional 1,550 shares during the period. 35.63% of the stock is owned by institutional investors.

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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