Market Runner: Randgold Resources Ltd. (ADR)’s Stock Is Buy After Today’s Significant Increase

Market Runner: Randgold Resources Ltd. (ADR)'s Stock Is Buy After Today's Significant Increase

The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) is a huge mover today! About 215,342 shares traded hands. Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) has declined 22.22% since April 25, 2016 and is downtrending. It has underperformed by 28.24% the S&P500.
The move comes after 5 months positive chart setup for the $6.89 billion company. It was reported on Nov, 28 by Barchart.com. We have $76.86 PT which if reached, will make NASDAQ:GOLD worth $344.50M more.

Analysts await Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) to report earnings on February, 13.

Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) Ratings Coverage

Out of 14 analysts covering Randgold-Resources (NASDAQ:GOLD), 7 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 50% are positive. Randgold-Resources has been the topic of 27 analyst reports since July 24, 2015 according to StockzIntelligence Inc. HSBC downgraded the shares of GOLD in a report on Monday, October 26 to “Hold” rating. The firm has “Neutral” rating given on Tuesday, November 22 by Citigroup. RBC Capital Markets upgraded the stock to “Outperform” rating in Monday, August 24 report. The rating was upgraded by Goldman Sachs on Monday, June 27 to “Buy”. The firm earned “Buy” rating on Thursday, September 17 by Vetr. Morgan Stanley downgraded Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) on Monday, March 7 to “Equal-Weight” rating. The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) earned “Buy” rating by Jefferies on Thursday, July 14. Deutsche Bank downgraded the shares of GOLD in a report on Tuesday, February 9 to “Hold” rating. Berenberg initiated Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) on Wednesday, September 7 with “Hold” rating. The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) earned “Outperform” rating by Macquarie Research on Friday, July 1.

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 Schaeffersresearch.com published article titled: “Analyst Upgrades: Micron Technology, Inc., Randgold Resources Ltd., and …”, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. 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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