J P Morgan Chase & Co Lowers Randgold Resources (GOLD) to Neutral
J P Morgan Chase & Co downgraded shares of Randgold Resources (NASDAQ:GOLD) from an overweight rating to a neutral rating in a report issued on Thursday, The Fly reports.
GOLD has been the topic of several other reports. Desjardins restated a hold rating on shares of Randgold Resources in a research report on Monday, December 11th. Zacks Investment Research upgraded Randgold Resources from a strong sell rating to a hold rating in a research report on Wednesday, October 18th. Citigroup upgraded Randgold Resources from a neutral rating to a buy rating in a research report on Tuesday, December 5th. Royal Bank of Canada upgraded Randgold Resources to a sector perform rating in a research report on Monday, December 4th. They noted that the move was a valuation call. Finally, HC Wainwright restated a buy rating on shares of Randgold Resources in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $84.90.
Randgold Resources (GOLD) traded up $0.24 during trading hours on Thursday, hitting $92.13. The stock had a trading volume of 366,194 shares, compared to its average volume of 439,827. Randgold Resources has a 1-year low of $68.36 and a 1-year high of $108.29. The company has a market cap of $8,666.58, a price-to-earnings ratio of 31.23 and a beta of -0.11.
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Randgold Resources 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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