Randgold Resources (GOLD) Upgraded by BidaskClub to Hold

Randgold Resources (NASDAQ:GOLD) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Several other brokerages also recently weighed in on GOLD. ValuEngine downgraded Randgold Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, September 14th. JPMorgan Chase & Co. downgraded Randgold Resources from an “overweight” rating to a “neutral” rating and set a $68.00 target price for the company. in a research note on Tuesday. Zacks Investment Research raised Randgold Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Scotiabank set a $98.00 target price on Randgold Resources and gave the stock a “hold” rating in a research note on Thursday, August 9th. Finally, Clarus Securities reaffirmed a “buy” rating on shares of Randgold Resources in a research note on Friday, August 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $87.00.

Randgold Resources stock opened at $70.50 on Friday. Randgold Resources has a 12 month low of $59.90 and a 12 month high of $104.05. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 24.14 and a beta of -0.14.

Randgold Resources (NASDAQ:GOLD) last announced its earnings results on Thursday, August 9th. The basic materials company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.04). The business had revenue of $283.66 million for the quarter. Randgold Resources had a return on equity of 5.88% and a net margin of 19.74%. sell-side analysts forecast that Randgold Resources will post 2.93 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in GOLD. Cornerstone Wealth Management LLC acquired a new position in Randgold Resources in the 2nd quarter valued at $185,000. Commerzbank Aktiengesellschaft FI raised its stake in Randgold Resources by 29.0% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 47,259 shares of the basic materials company’s stock valued at $3,643,000 after purchasing an additional 10,623 shares during the last quarter. BlackRock Inc. raised its stake in Randgold Resources by 2.5% in the 2nd quarter. BlackRock Inc. now owns 9,209,563 shares of the basic materials company’s stock valued at $709,966,000 after purchasing an additional 222,064 shares during the last quarter. Stevens Capital Management LP raised its stake in Randgold Resources by 43.8% in the 2nd quarter. Stevens Capital Management LP now owns 17,033 shares of the basic materials company’s stock valued at $1,313,000 after purchasing an additional 5,184 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in Randgold Resources by 85.5% in the 2nd quarter. SG Americas Securities LLC now owns 41,665 shares of the basic materials company’s stock valued at $3,212,000 after purchasing an additional 19,203 shares during the last quarter. 36.66% of the stock is owned by institutional investors and hedge funds.

About Randgold Resources

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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Analyst Recommendations for Randgold Resources (NASDAQ:GOLD)

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