Randgold Resources Limited (GOLD) Receiving Somewhat Positive Media Coverage, Study Finds
Press coverage about Randgold Resources Limited (NASDAQ:GOLD) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Randgold Resources Limited earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 46.2787863283219 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Randgold Resources Limited’s (RRS) “Hold” Rating Reiterated at Canaccord Genuity (newstrendstoday.com)
- Sibanye Gold Limited (SBGL) Upgraded to “Strong-Buy” by BidaskClub (noomag.com)
- Here's Why These Gold Stocks Gained As Much As 20.3% in August (finance.yahoo.com)
- Sibanye Gold Limited (NYSE:SBGL) Rating Increased to Strong-Buy at BidaskClub (techkenyot.com)
- Randgold Resources Ltd. (GOLD) Upgraded by Berenberg Bank to “Buy” (expressnewsline.com)
Randgold Resources Limited (NASDAQ:GOLD) traded down 0.86% during mid-day trading on Tuesday, reaching $103.36. The company’s stock had a trading volume of 564,727 shares. Randgold Resources Limited has a one year low of $67.54 and a one year high of $108.29. The firm’s 50 day moving average is $97.16 and its 200-day moving average is $92.10. The stock has a market cap of $9.72 billion, a P/E ratio of 32.92 and a beta of 0.02.
Randgold Resources Limited (NASDAQ:GOLD) last posted its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.14. Randgold Resources Limited had a net margin of 22.75% and a return on equity of 7.89%. The company had revenue of $336.79 million for the quarter. Equities analysts expect that Randgold Resources Limited will post $3.30 earnings per share for the current fiscal year.
Several research firms have recently commented on GOLD. Zacks Investment Research downgraded Randgold Resources Limited from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. BidaskClub downgraded Randgold Resources Limited from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. HSBC Holdings plc reiterated a “hold” rating on shares of Randgold Resources Limited in a report on Friday, July 7th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and issued a $107.00 price objective (up previously from $105.00) on shares of Randgold Resources Limited in a report on Monday, June 5th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $101.25.
Randgold Resources Limited 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).
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