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 upgraded shares of Randgold Resources from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Desjardins restated a “hold” rating on shares of Randgold Resources in a research report on Monday, December 11th. Numis Securities downgraded shares of Randgold Resources from a “buy” rating to an “add” rating in a research note on Tuesday, February 6th. HSBC raised shares of Randgold Resources from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Finally, Scotiabank set a $101.00 price objective on shares of Randgold Resources and gave the company a “hold” rating in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $75.70.

Randgold Resources (GOLD) traded down $2.98 during midday trading on Monday, reaching $87.67. Randgold Resources has a 12-month low of $81.35 and a 12-month high of $108.29. The firm has a market capitalization of $8,330.00, a price-to-earnings ratio of 29.62 and a beta of -0.06.

Randgold Resources (NASDAQ:GOLD) last posted its quarterly earnings results on Monday, February 5th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter. sell-side analysts predict that Randgold Resources will post 3.77 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of GOLD. Deutsche Bank AG raised its stake in shares of Randgold Resources by 308.2% during the fourth quarter. Deutsche Bank AG now owns 453,699 shares of the basic materials company’s stock valued at $44,866,000 after acquiring an additional 342,549 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of Randgold Resources during the fourth quarter valued at about $28,795,000. CI Investments Inc. raised its stake in shares of Randgold Resources by 498.0% during the fourth quarter. CI Investments Inc. now owns 132,810 shares of the basic materials company’s stock valued at $13,134,000 after acquiring an additional 110,600 shares during the last quarter. Ninepoint Partners LP bought a new position in Randgold Resources in the third quarter worth about $10,645,000. Finally, APG Asset Management N.V. bought a new position in Randgold Resources in the fourth quarter worth about $8,416,000. 35.11% of the stock is owned by hedge funds and other institutional investors.

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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).

Analyst Recommendations for Randgold Resources (NASDAQ:GOLD)

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