The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) is a huge mover today! About 390,488 shares traded hands. Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) has declined 4.13% since March 4, 2016 and is downtrending. It has underperformed by 12.17% the S&P500.
The move comes after 9 months positive chart setup for the $8.09B company. It was reported on Oct, 7 by Barchart.com. We have $116.67 PT which if reached, will make NASDAQ:GOLD worth $2.51 billion more.
Analysts await Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) to report earnings on November, 3. They expect $1.13 EPS, up 151.11% or $0.68 from last year’s $0.45 per share. GOLD’s profit will be $102.68M for 19.70 P/E if the $1.13 EPS becomes a reality. After $0.52 actual EPS 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. $4400 is the highest target while $70.10 is the lowest. The $1501.18 average target is 1585.58% above today’s ($89.06) stock price. Randgold-Resources has been the topic of 25 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Thursday, April 7 by JP Morgan. The company was initiated on Wednesday, September 7 by Berenberg. The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) earned “Add” rating by Numis Securities on Monday, August 10. The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) has “Market Perform” rating given on Monday, March 14 by BMO Capital Markets. The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) earned “Outperform” rating by RBC Capital Markets on Monday, August 24. Vetr downgraded the shares of GOLD in a report on Thursday, September 17 to “Buy” rating. The firm has “Neutral” rating by JP Morgan given on Monday, September 14. On Thursday, July 14 the stock rating was upgraded by Jefferies to “Buy”. The firm has “Hold” rating by HSBC given on Monday, October 26. The firm has “Buy” rating given on Monday, June 27 by Goldman Sachs.
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 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 the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Livetradingnews.com‘s news article titled: “Randgold Resources Ltd. (ADR)(NASDAQ:GOLD) Trending Neutral” with publication date: October 07, 2016 was also an interesting one.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.