Randgold Resources Limited (NASDAQ:GOLD) Receives Consensus Rating of “Hold” from Brokerages

Randgold Resources Limited (NASDAQ:GOLD) has earned a consensus recommendation of “Hold” from the eighteen brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $101.25.

Several analysts have issued reports on the company. Zacks Investment Research raised Randgold Resources Limited from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Wednesday, July 5th. BidaskClub lowered Randgold Resources Limited from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. HSBC Holdings plc reaffirmed a “hold” rating on shares of Randgold Resources Limited in a research note on Friday, July 7th. CIBC raised Randgold Resources Limited from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, May 5th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $107.00 target price (up previously from $105.00) on shares of Randgold Resources Limited in a research note on Monday, June 5th.

Several institutional investors have recently made changes to their positions in GOLD. Quadrature Capital Ltd increased its position in shares of Randgold Resources Limited by 202.0% in the fourth quarter. Quadrature Capital Ltd now owns 47,601 shares of the basic materials company’s stock worth $3,634,000 after buying an additional 31,837 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Randgold Resources Limited by 35.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 18,739 shares of the basic materials company’s stock worth $1,431,000 after buying an additional 4,858 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Randgold Resources Limited by 428.5% in the first quarter. Quadrant Capital Group LLC now owns 1,744 shares of the basic materials company’s stock worth $146,000 after buying an additional 1,414 shares in the last quarter. Capstone Asset Management Co. increased its position in shares of Randgold Resources Limited by 17.6% in the first quarter. Capstone Asset Management Co. now owns 14,204 shares of the basic materials company’s stock worth $1,240,000 after buying an additional 2,130 shares in the last quarter. Finally, Hexavest Inc. increased its position in shares of Randgold Resources Limited by 593.5% in the first quarter. Hexavest Inc. now owns 28,551 shares of the basic materials company’s stock worth $2,492,000 after buying an additional 24,434 shares in the last quarter. Institutional investors own 36.41% of the company’s stock.

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Randgold Resources Limited (GOLD) opened at 93.43 on Friday. Randgold Resources Limited has a one year low of $67.54 and a one year high of $113.25. The company has a market cap of $8.79 billion, a price-to-earnings ratio of 33.72 and a beta of 0.08. The company has a 50-day moving average of $90.03 and a 200-day moving average of $90.08.

Randgold Resources Limited (NASDAQ:GOLD) last issued its earnings results on Friday, August 4th. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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%. Equities research analysts expect that Randgold Resources Limited will post $3.21 EPS for the current fiscal year.

About Randgold Resources Limited

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 Limited (NASDAQ:GOLD)

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