Randgold Resources (GOLD) Upgraded by Zacks Investment Research to “Hold”
Randgold Resources (NASDAQ:GOLD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.
According to Zacks, “Randgold Resources is an international gold mining and exploration business. It has to date discovered the 7 Moz Morila deposit in southern Mali, the plus 5 Moz Yalea deposit in western Mali and the 3 Moz Tongon deposit in the Côte d’Ivoire. The Company successfully developed the Morila deposit into one of the world’s largest and highest-margin gold mines. In addition, Randgold Resources has a portfolio of prospective exploration projects across Africa in Mali, Côte d’Ivoire, Senegal, Burkina Faso, Ghana and Tanzania. “
GOLD has been the subject of several other reports. BidaskClub raised Randgold Resources from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Desjardins reaffirmed a “hold” rating on shares of Randgold Resources in a research report on Monday, December 11th. Numis Securities cut Randgold Resources from a “buy” rating to an “add” rating in a research report on Tuesday, February 6th. HSBC raised Randgold Resources from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Finally, Scotiabank set a $101.00 price objective on Randgold Resources and gave the stock a “hold” rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $75.70.
Randgold Resources (NASDAQ:GOLD) last posted its earnings results on Monday, February 5th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.05). Randgold Resources had a net margin of 21.72% and a return on equity of 7.13%. The business had revenue of $328.62 million during the quarter. equities research analysts anticipate that Randgold Resources will post 3.77 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FNY Managed Accounts LLC bought a new stake in Randgold Resources during the third quarter worth about $152,000. Advisory Services Network LLC raised its holdings 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 acquiring an additional 640 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings 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 acquiring an additional 2,751 shares in the last quarter. SG Americas Securities LLC raised its holdings in Randgold Resources by 24.6% during the fourth quarter. SG Americas Securities LLC now owns 3,385 shares of the basic materials company’s stock worth $335,000 after acquiring an additional 668 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in Randgold Resources during the fourth quarter worth about $371,000. Institutional investors and hedge funds own 35.11% of the company’s stock.
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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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