Shares of Randgold Resources Ltd. (NASDAQ:GOLD) have earned a consensus recommendation of “Buy” from the nineteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $45.54.

GOLD has been the subject of several research analyst reports. TheStreet raised Randgold Resources from a “c+” rating to a “b-” rating in a research report on Monday, December 31st. BidaskClub raised Randgold Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. ValuEngine raised Randgold Resources from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th. Zacks Investment Research raised Randgold Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Finally, Bank of America reissued a “hold” rating and issued a $14.00 price objective on shares of Randgold Resources in a research report on Thursday.

NASDAQ:GOLD traded up $0.04 during trading hours on Friday, hitting $12.95. 12,375,781 shares of the company were exchanged, compared to its average volume of 14,627,825. The firm has a market cap of $15.73 billion, a P/E ratio of 4.43 and a beta of -0.23. Randgold Resources has a one year low of $9.53 and a one year high of $14.18.

Randgold Resources (NASDAQ:GOLD) last announced its earnings results on Wednesday, February 13th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.97 billion. Randgold Resources had a return on equity of 6.16% and a net margin of 21.82%. Randgold Resources’s revenue for the quarter was down 14.5% compared to the same quarter last year. During the same period last year, the company earned $0.22 EPS. On average, equities analysts anticipate that Randgold Resources will post 2.62 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of GOLD. Schroder Investment Management Group grew its stake in shares of Randgold Resources by 320.8% in the 2nd quarter. Schroder Investment Management Group now owns 128,035 shares of the basic materials company’s stock valued at $9,630,000 after buying an additional 97,605 shares during the period. Northern Trust Corp grew its stake in shares of Randgold Resources by 2.5% in the 2nd quarter. Northern Trust Corp now owns 92,296 shares of the basic materials company’s stock valued at $7,115,000 after buying an additional 2,210 shares during the period. Bank of Montreal Can grew its stake in shares of Randgold Resources by 224.4% in the 3rd quarter. Bank of Montreal Can now owns 129,937 shares of the basic materials company’s stock valued at $9,167,000 after buying an additional 89,887 shares during the period. Aperio Group LLC grew its stake in shares of Randgold Resources by 2.6% in the 3rd quarter. Aperio Group LLC now owns 141,418 shares of the basic materials company’s stock valued at $9,977,000 after buying an additional 3,519 shares during the period. Finally, Cornerstone Wealth Management LLC grew its stake in shares of Randgold Resources by 29.9% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 18,230 shares of the basic materials company’s stock valued at $185,000 after buying an additional 4,198 shares during the period. Institutional investors own 39.71% of the company’s stock.

About Randgold Resources

Randgold Resources Ltd. engages in the exploration and development of gold deposits. Its projects include the following: Loulo-Gounkoto complex, Morila gold mine, Tongon gold mine, Kibali gold mine, and Massawa. The company was founded in August 1995 and is headquartered in St. Helier, the United Kingdom.

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Analyst Recommendations for Randgold Resources (NASDAQ:GOLD)

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