Randgold Resources (GOLD) Rating Increased to Buy at Canaccord Genuity
Several other research firms have also recently issued reports on GOLD. Zacks Investment Research raised Randgold Resources from a strong sell rating to a hold rating in a research note on Wednesday, January 31st. BidaskClub raised Randgold Resources from a sell rating to a hold rating in a research note on Friday, February 2nd. HC Wainwright reissued a buy rating on shares of Randgold Resources in a research note on Wednesday, January 17th. Scotiabank set a $101.00 price target on Randgold Resources and gave the company a hold rating in a research report on Monday, February 5th. Finally, JPMorgan Chase & Co. lowered Randgold Resources from an overweight rating to a neutral rating in a research report on Thursday, December 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. Randgold Resources currently has an average rating of Hold and a consensus price target of $79.88.
Randgold Resources (NASDAQ GOLD) opened at $84.37 on Tuesday. Randgold Resources has a 12 month low of $79.17 and a 12 month high of $108.29. The stock has a market capitalization of $7,883.52, a P/E ratio of 28.72 and a beta of 0.17.
The company also recently declared a None dividend, which will be paid on Friday, May 18th. Investors of record on Friday, March 23rd will be given a dividend of $1.98 per share. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a dividend yield of 0.0233518103549947%. Randgold Resources’s dividend payout ratio is presently 33.68%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FNY Managed Accounts LLC bought a new stake in shares of Randgold Resources during the third quarter valued at approximately $152,000. Advisory Services Network LLC boosted its holdings in Randgold Resources by 60.4% in 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 boosted its holdings in Randgold Resources by 629.5% in 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 boosted its holdings in Randgold Resources by 24.6% in 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 in the fourth quarter worth $371,000. Institutional investors own 35.36% 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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