Randgold Resources (NASDAQ:GOLD) Given New $102.00 Price Target at JPMorgan Chase

Randgold Resources (NASDAQ:GOLD) had its target price trimmed by JPMorgan Chase from $103.00 to $102.00 in a report released on Monday, April 9th. The firm currently has a neutral rating on the basic materials company’s stock.

Several other equities analysts have also commented on GOLD. Zacks Investment Research lowered Randgold Resources from a hold rating to a sell rating in a report on Monday, February 12th. BidaskClub lowered Randgold Resources from a sell rating to a strong sell rating in a report on Wednesday, February 28th. HC Wainwright restated a buy rating on shares of Randgold Resources in a research note on Wednesday, January 17th. Goldman Sachs upgraded shares of Randgold Resources from a neutral rating to a buy rating in a research note on Monday, March 26th. Finally, Desjardins restated a hold rating on shares of Randgold Resources in a research note on Monday, December 11th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $84.10.

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Shares of NASDAQ GOLD opened at $82.06 on Monday. The company has a market capitalization of $7,675.95, a price-to-earnings ratio of 28.10 and a beta of 0.11. Randgold Resources has a 52-week low of $77.70 and a 52-week high of $108.29.

Randgold Resources (NASDAQ:GOLD) last posted its quarterly earnings data on Monday, February 5th. The basic materials company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.05). Randgold Resources had a return on equity of 7.13% and a net margin of 21.72%. The company had revenue of $328.62 million for the quarter. equities research analysts expect that Randgold Resources will post 3.7 EPS for the current year.

The company also recently declared an annual dividend, which will be paid on Friday, May 18th. Investors of record on Friday, March 23rd will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Thursday, March 22nd. Randgold Resources’s dividend payout ratio is currently 67.81%.

A number of hedge funds and other institutional investors have recently bought and sold shares of GOLD. Deutsche Bank AG raised its holdings in Randgold Resources by 308.2% during the fourth quarter. Deutsche Bank AG now owns 453,699 shares of the basic materials company’s stock worth $44,866,000 after purchasing an additional 342,549 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in Randgold Resources in the fourth quarter valued at about $28,795,000. CI Investments Inc. increased its holdings in Randgold Resources by 498.0% in the fourth quarter. CI Investments Inc. now owns 132,810 shares of the basic materials company’s stock valued at $13,134,000 after buying an additional 110,600 shares in the last quarter. APG Asset Management N.V. purchased a new position in Randgold Resources in the fourth quarter valued at about $8,416,000. Finally, Renaissance Technologies LLC increased its holdings in Randgold Resources by 17.1% in the fourth quarter. Renaissance Technologies LLC now owns 582,600 shares of the basic materials company’s stock valued at $57,613,000 after buying an additional 85,200 shares in the last quarter. 35.30% of the stock is owned by hedge funds and other institutional investors.

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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).

Analyst Recommendations for Randgold Resources (NASDAQ:GOLD)

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