TheStreet cut shares of Randgold Resources (NASDAQ:GOLD) from a buy rating to a hold rating in a research report sent to investors on Thursday morning, Analyst Ratings Network reports.
“Randgold Resources (GOLD) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and disappointing return on equity.,” the firm’s analyst wrote.
TheStreet has also taken action a number of other basic materials stocks recently. The firm downgraded shares of Cott Co. to a hold rating. Also, TheStreet upgraded shares of BBVA Banco Frances S.A. from a hold rating to a buy rating.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Randgold Resources (NASDAQ:GOLD) from a neutral rating to an underperform rating in a research note to investors on Friday, August 30th. They now have a $77.30 price target on the stock. Finally, analysts at Nomura upgraded shares of Randgold Resources (NASDAQ:GOLD) from a reduce rating to a neutral rating in a research note to investors on Friday, July 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Randgold Resources has an average rating of Hold and an average price target of $102.98.
Shares of Randgold Resources (NASDAQ:GOLD) opened at 71.73 on Thursday. Randgold Resources has a one year low of $60.17 and a one year high of $127.27. The stock has a 50-day moving average of $76.13 and a 200-day moving average of $74.97. The company has a market cap of $6.614 billion and a price-to-earnings ratio of 19.58.
Randgold Resources (NASDAQ:GOLD) last released its earnings data on Wednesday, August 7th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $0.04. The company had revenue of $233.20 million for the quarter, compared to the consensus estimate of $456.20 million. During the same quarter in the previous year, the company posted $1.28 earnings per share. The company’s revenue for the quarter was down 26.1% on a year-over-year basis. On average, analysts predict that Randgold Resources will post $3.06 earnings per share for the current fiscal year.
Randgold Resources Ltd. is engaged in gold mining, exploration and related activities. The Company’s activities are focused on West and Central Africa.
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