The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) is a huge mover today! The stock decreased 2.08% or $2.13 during the last trading session, hitting $100.07. About 1.02 million shares traded hands or 11.09% up from the average. Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) has risen 9.67% since February 29, 2016 and is uptrending. It has underperformed by 0.76% the S&P500.
The move comes after 9 months negative chart setup for the $9.33 billion company. It was reported on Oct, 1 by Barchart.com. We have $95.07 PT which if reached, will make NASDAQ:GOLD worth $466.50 million less.
Analysts await Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) to report earnings on November, 3. They expect $1.13 earnings per share, up 151.11% or $0.68 from last year’s $0.45 per share. GOLD’s profit will be $105.36 million for 22.14 P/E if the $1.13 EPS becomes a reality. After $0.52 actual earnings per share reported by Randgold Resources Ltd. (ADR) for the previous quarter, Wall Street now forecasts 117.31% EPS growth.
Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) Ratings Coverage
Out of 14 analysts covering Randgold-Resources (NASDAQ:GOLD), 6 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 43% are positive. Randgold-Resources has been the topic of 25 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was downgraded by RBC Capital Markets on Wednesday, February 24 to “Sector Perform”. The company was downgraded on Monday, September 14 by JP Morgan. The firm earned “Neutral” rating on Monday, April 18 by Citigroup. The firm earned “Hold” rating on Friday, September 25 by Jefferies. As per Tuesday, February 9, the company rating was downgraded by Deutsche Bank. The stock has “Neutral” rating given by JP Morgan on Thursday, April 7. RBC Capital Markets upgraded the stock to “Outperform” rating in Monday, August 24 report. The firm has “Buy” rating by Goldman Sachs given on Monday, June 27. The company was downgraded on Thursday, September 17 by Vetr. The firm has “Hold” rating given on Wednesday, September 7 by Berenberg.
According to Zacks Investment Research, “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 CÃ´te 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, CÃ´te d’Ivoire, Senegal, Burkina Faso, Ghana and Tanzania.”
More important recent Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) news were published by: Marketwatch.com which released: “Randgold Resources Ltd. ADR” on December 21, 2009, also Quotes.Wsj.com published article titled: “DOW JONES, A NEWS CORP COMPANY”, Fool.com published: “Will Randgold Resources Limited Sink or Swim?” on April 05, 2016. More interesting news about Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) was released by: Etfdailynews.com and their article: “The Gold Mining Stock To Own Now” with publication date: July 28, 2015.
GOLD Company Profile
Randgold Resources Limited, incorporated on August 4, 1995, is engaged in gold mining, exploration and related activities. The Company’s activities are focused on West and Central Africa. The Firm operates through the gold mining segment. The Firm operates various mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Firm is exploring in over four African countries, such as Mali, Senegal, Cote d’Ivoire and the Democratic Republic of Congo (DRC), with a portfolio of approximately 141 targets on over 12,310 kilometers of ground holding, of these 99 are satellite targets while 42 are stand-alone operations. The Firm also holds an interest in the Massawa project.
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