Randgold Resources Limited's (RRS) Overweight Rating Reiterated at JP Morgan Chase & Co

Xavier Trudeau
Août 7, 2017

The firm has a market capitalization of $8.86 billion, a PE ratio of 33.98 and a beta of 0.08. The stock was sold at an average price of GBX 7,244 ($95.55), for a total transaction of £3,622,000 ($4,777,733.81). Randgold Resources Limited has a 52 week low of GBX 5,410.00 and a 52 week high of GBX 9,155.00. Wetherby Asset Management Inc. increased its stake in shares of Randgold Resources Limited by 2.0% in the second quarter. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. Randgold Resources Limited had a net margin of 22.75% and a return on equity of 7.95%. Equities analysts anticipate that Randgold Resources Limited will post $3.15 earnings per share for the current fiscal year. The firm has "Neutral" rating by JP Morgan given on Monday, September 14.

The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) earned "Buy" rating by Berenberg on Friday, January 13. Zacks Investment Research raised shares of Randgold Resources Limited from a "hold" rating to a "buy" rating and set a $98.00 target price on the stock in a report on Wednesday, July 5th. Barclays PLC reissued an overweight rating and issued a GBX 8,000 ($105.53) target price on shares of Randgold Resources Limited in a research note on Wednesday, May 3rd. Panmure Gordon reiterated a "buy" rating and issued a GBX 8,309 ($109.60) price target on shares of Randgold Resources Limited in a report on Thursday, May 4th. The company now has a consensus rating of "Buy" and a consensus price target of GBX 7,681.41 ($101.32). DekaBank Deutsche Girozentrale increased its position in Randgold Resources Limited by 10.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,331 shares of the basic materials company's stock worth $115,000 after buying an additional 131 shares during the period. Finally, CIBC upgraded shares of Randgold Resources Limited from a "sector perform" rating to a "sector outperform" rating in a report on Friday, May 5th.

COPYRIGHT VIOLATION WARNING: This piece of content was reported by Week Herald and is the property of of Week Herald. If you are reading this story on another site, it was illegally stolen and reposted in violation of US & global trademark and copyright laws. The correct version of this story can be accessed at https://www.chaffeybreeze.com/2017/08/07/randgold-resources-limiteds-rrs-overweight-rating-reiterated-at-j-p-morgan-chase-co.html. Also, insider Safiatou Francoise Ba-N'Dawrrs purchased 32 shares of Randgold Resources Limited stock in a transaction dated Friday, May 26th.

More notable recent Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) news were published by: Marketwatch.com which released: "95.10" on December 21, 2009, also Livetradingnews.com with their article: "Randgold Resources Ltd. (ADR)(NASDAQ:GOLD) Trending Neutral" published on October 07, 2016, Seekingalpha.com published: "Randgold Resources: Gold Mining As A Business" on February 25, 2016. The Company's activities are focused on West and Central Africa. The Firm operates through the gold mining segment. The Company is exploring in African countries, such as Mali, Senegal, Cote d'Ivoire and the Democratic Republic of Congo (DRC).

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