Notable Runner: Does Randgold Resources Ltd. (ADR) Have Any Gas After Today’s Big Decline?

Notable Runner: Does Randgold Resources Ltd. (ADR) Have Any Gas After Today's Big Decline?

The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) is a huge mover today! About 604,763 shares traded hands. Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) has declined 4.53% since March 11, 2016 and is downtrending. It has underperformed by 9.98% the S&P500.
The move comes after 6 months negative chart setup for the $7.86B company. It was reported on Oct, 14 by Barchart.com. We have $76.97 PT which if reached, will make NASDAQ:GOLD worth $550.20M 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 $107.32 million for 18.31 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 stock has “Add” rating given by Numis Securities on Monday, August 10. The firm has “Hold” rating given on Friday, September 25 by Jefferies. Macquarie Research upgraded the shares of GOLD in a report on Friday, July 1 to “Outperform” rating. The firm has “Hold” rating given on Tuesday, February 9 by Deutsche Bank. The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) earned “Add” rating by Numis Securities on Friday, November 6. The firm has “Hold” rating given on Wednesday, September 7 by Berenberg. The firm earned “Hold” rating on Tuesday, February 9 by HSBC. The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) has “Outperform” rating given on Monday, August 24 by RBC Capital Markets. The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) earned “Neutral” rating by JP Morgan on Monday, August 15. The stock has “Market Perform” rating given by BMO Capital Markets on Monday, March 14.

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 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.”

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”, Benzinga.com published: “Jim Cramer Likes AT&T Inc. And Randgold Resources Ltd. (ADR)” on February 11, 2015. More interesting news about Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) was released by: Livetradingnews.com and their article: “Randgold Resources Ltd. (ADR)(NASDAQ:GOLD) Trending Neutral” with publication date: October 07, 2016.

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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