Raymond James Analysts Give Randgold Resources (GOLD) a $16.00 Price Target

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Raymond James set a $16.00 target price on Randgold Resources (NASDAQ:GOLD) in a report released on Thursday morning. The firm currently has a market perform rating on the basic materials company’s stock.

Several other analysts also recently commented on the stock. CIBC upgraded shares of Randgold Resources from a neutral rating to an outperform rating in a research report on Wednesday, January 2nd. Macquarie upgraded shares of Randgold Resources from a neutral rating to an outperform rating in a research report on Monday, January 28th. BidaskClub upgraded shares of Randgold Resources from a hold rating to a buy rating in a research report on Tuesday, December 11th. Barclays initiated coverage on shares of Randgold Resources in a research report on Wednesday, January 9th. They set an overweight rating on the stock. Finally, ValuEngine upgraded shares of Randgold Resources from a hold rating to a buy rating in a research report on Tuesday, November 20th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $45.54.

Shares of GOLD stock traded up $0.04 on Thursday, hitting $12.95. 12,375,781 shares of the stock traded hands, compared to its average volume of 14,627,825. The company has a market capitalization of $15.73 billion, a price-to-earnings ratio of 4.43 and a beta of -0.23. Randgold Resources has a 52 week low of $9.53 and a 52 week high of $14.18.

Randgold Resources (NASDAQ:GOLD) last announced its quarterly earnings data on Wednesday, February 13th. The basic materials company reported $0.06 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.97 billion. Randgold Resources had a net margin of 21.82% and a return on equity of 6.16%. The company’s revenue was down 14.5% on a year-over-year basis. During the same period last year, the firm earned $0.22 EPS. As a group, equities analysts expect that Randgold Resources will post 2.62 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in GOLD. Alpine Associates Management Inc. bought a new stake in Randgold Resources in the 4th quarter valued at $120,438,000. Renaissance Technologies LLC increased its holdings in Randgold Resources by 69.1% in the 3rd quarter. Renaissance Technologies LLC now owns 2,028,300 shares of the basic materials company’s stock valued at $143,097,000 after acquiring an additional 828,938 shares during the last quarter. Summit Securities Group LLC bought a new stake in Randgold Resources in the 4th quarter valued at $52,335,000. Van ECK Associates Corp increased its holdings in Randgold Resources by 7.4% in the 4th quarter. Van ECK Associates Corp now owns 6,749,791 shares of the basic materials company’s stock valued at $576,998,000 after acquiring an additional 464,174 shares during the last quarter. Finally, Capital World Investors increased its holdings in Randgold Resources by 10.5% in the 3rd quarter. Capital World Investors now owns 3,242,098 shares of the basic materials company’s stock valued at $228,730,000 after acquiring an additional 307,000 shares during the last quarter. Institutional investors own 39.71% of the company’s stock.

About Randgold Resources

Randgold Resources Ltd. engages in the exploration and development of gold deposits. Its projects include the following: Loulo-Gounkoto complex, Morila gold mine, Tongon gold mine, Kibali gold mine, and Massawa. The company was founded in August 1995 and is headquartered in St. Helier, the United Kingdom.

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Analyst Recommendations for Randgold Resources (NASDAQ:GOLD)

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