Randgold Resources Limited (GOLD) Receives $77.88 Average Price Target from Analysts

Randgold Resources Limited (NASDAQ:GOLD) has been given a consensus recommendation of “Hold” by the eighteen brokerages that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $77.88.

GOLD has been the topic of a number of research analyst reports. Investec upgraded shares of Randgold Resources Limited from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Randgold Resources Limited from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Wednesday, September 20th. BidaskClub upgraded shares of Randgold Resources Limited from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, UBS AG downgraded shares of Randgold Resources Limited from a “buy” rating to a “neutral” rating in a research report on Thursday, November 9th.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.thelincolnianonline.com/2017/12/07/randgold-resources-limited-gold-receives-77-88-average-price-target-from-analysts-updated-updated.html.

Randgold Resources Limited (NASDAQ:GOLD) traded up $1.05 on Thursday, hitting $94.68. 378,367 shares of the stock were exchanged, compared to its average volume of 672,887. Randgold Resources Limited has a one year low of $67.54 and a one year high of $108.29. The firm has a market cap of $8,810.00, a P/E ratio of 31.74 and a beta of -0.07.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Randgold Resources Limited by 7.8% in the 2nd quarter. BlackRock Inc. now owns 9,333,067 shares of the basic materials company’s stock worth $825,605,000 after purchasing an additional 671,684 shares during the period. Capital World Investors lifted its position in shares of Randgold Resources Limited by 102.9% in the 2nd quarter. Capital World Investors now owns 1,007,000 shares of the basic materials company’s stock worth $89,079,000 after purchasing an additional 510,800 shares during the period. Gabelli Funds LLC lifted its position in shares of Randgold Resources Limited by 16.2% in the 2nd quarter. Gabelli Funds LLC now owns 915,800 shares of the basic materials company’s stock worth $81,012,000 after purchasing an additional 127,500 shares during the period. Renaissance Technologies LLC lifted its position in shares of Randgold Resources Limited by 218.0% in the 2nd quarter. Renaissance Technologies LLC now owns 326,600 shares of the basic materials company’s stock worth $28,891,000 after purchasing an additional 223,900 shares during the period. Finally, Alps Advisors Inc. lifted its position in shares of Randgold Resources Limited by 2.3% in the 2nd quarter. Alps Advisors Inc. now owns 315,619 shares of the basic materials company’s stock worth $27,920,000 after purchasing an additional 6,966 shares during the period. Hedge funds and other institutional investors own 34.79% of the company’s stock.

About Randgold Resources Limited

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).

Analyst Recommendations for Randgold Resources Limited (NASDAQ:GOLD)

Receive News & Ratings for Randgold Resources Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Randgold Resources Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply