Randgold Resources (GOLD) Given New $98.00 Price Target at JPMorgan Chase

Randgold Resources (NASDAQ:GOLD) had its price objective decreased by JPMorgan Chase from $99.00 to $98.00 in a research report released on Tuesday. JPMorgan Chase currently has a neutral rating on the basic materials company’s stock.

A number of other analysts have also weighed in on the stock. TheStreet lowered shares of Randgold Resources from a b rating to a c+ rating in a research note on Tuesday, May 15th. ValuEngine downgraded shares of Randgold Resources from a hold rating to a sell rating in a report on Wednesday, May 16th. BidaskClub downgraded shares of Randgold Resources from a hold rating to a sell rating in a report on Saturday, May 12th. Zacks Investment Research downgraded shares of Randgold Resources from a hold rating to a sell rating in a report on Monday, April 16th. Finally, Desjardins set a $100.00 price target on shares of Randgold Resources and gave the company a hold rating in a report on Monday, April 16th. Four analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $103.00.

NASDAQ:GOLD opened at $76.82 on Tuesday. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 26.31 and a beta of 0.13. Randgold Resources has a fifty-two week low of $76.01 and a fifty-two week high of $108.29.

Randgold Resources (NASDAQ:GOLD) last released its quarterly earnings data on Thursday, May 10th. The basic materials company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). The firm had revenue of $273.28 million for the quarter. Randgold Resources had a net margin of 21.49% and a return on equity of 6.72%. equities research analysts predict that Randgold Resources will post 3.65 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. CI Investments Inc. boosted its holdings in shares of Randgold Resources by 498.0% during the 4th quarter. CI Investments Inc. now owns 132,810 shares of the basic materials company’s stock valued at $13,134,000 after acquiring an additional 110,600 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Randgold Resources by 2.7% during the 4th quarter. Mackenzie Financial Corp now owns 177,363 shares of the basic materials company’s stock valued at $17,539,000 after acquiring an additional 4,742 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in shares of Randgold Resources by 6.0% in the fourth quarter. OppenheimerFunds Inc. now owns 264,952 shares of the basic materials company’s stock worth $26,201,000 after buying an additional 15,000 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of Randgold Resources by 60.4% in the fourth quarter. Advisory Services Network LLC now owns 1,700 shares of the basic materials company’s stock worth $168,000 after buying an additional 640 shares during the last quarter. Finally, Alps Advisors Inc. boosted its holdings in shares of Randgold Resources by 3.7% in the fourth quarter. Alps Advisors Inc. now owns 322,817 shares of the basic materials company’s stock worth $31,923,000 after buying an additional 11,599 shares during the last quarter. 35.81% of the stock is currently owned by hedge funds and other institutional investors.

Randgold Resources Company Profile

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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