BidaskClub lowered shares of Randgold Resources (NASDAQ:GOLD) from a hold rating to a sell rating in a research note published on Thursday.

Other research analysts have also issued reports about the company. Zacks Investment Research upgraded Randgold Resources from a strong sell rating to a hold rating in a research report on Wednesday, January 31st. HC Wainwright restated a buy rating on shares of Randgold Resources in a research report on Wednesday, January 17th. JPMorgan Chase & Co. lowered Randgold Resources from an overweight rating to a neutral rating in a research report on Thursday, December 14th. Investec upgraded Randgold Resources from a hold rating to a buy rating in a research report on Friday, November 3rd. Finally, UBS Group lowered Randgold Resources from a buy rating to a neutral rating in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $76.90.

Randgold Resources (NASDAQ GOLD) opened at $83.00 on Thursday. The firm has a market capitalization of $7,807.73, a P/E ratio of 28.52 and a beta of -0.06. Randgold Resources has a 52-week low of $81.35 and a 52-week high of $108.29.

Randgold Resources (NASDAQ:GOLD) last issued its quarterly earnings data on Monday, February 5th. The basic materials company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.05). The business had revenue of $328.62 million during the quarter. Randgold Resources had a return on equity of 7.13% and a net margin of 21.72%. analysts expect that Randgold Resources will post 3.77 EPS for the current fiscal year.

The company also recently declared a None dividend, which will be paid on Friday, May 18th. Stockholders of record on Friday, March 23rd will be given a dividend of $1.98 per share. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a dividend yield of 0.0233518103549947%. Randgold Resources’s dividend payout ratio is currently 33.68%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GOLD. Howe & Rusling Inc. purchased a new position in shares of Randgold Resources during the third quarter worth $137,000. FNY Managed Accounts LLC purchased a new position in Randgold Resources in the third quarter valued at $152,000. Advisory Services Network LLC boosted its holdings in 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 valued at $168,000 after purchasing an additional 640 shares during the period. Advisor Group Inc. boosted its holdings in Randgold Resources by 9.7% in the second quarter. Advisor Group Inc. now owns 2,815 shares of the basic materials company’s stock valued at $248,000 after purchasing an additional 250 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in Randgold Resources by 629.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,188 shares of the basic materials company’s stock valued at $315,000 after purchasing an additional 2,751 shares during the period. Institutional investors and hedge funds own 35.25% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was first published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this piece can be accessed at https://theolympiareport.com/2018/02/11/randgold-resources-gold-cut-to-sell-at-bidaskclub.html.

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)

Receive News & Ratings for Randgold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Randgold Resources and related companies with MarketBeat.com's FREE daily email newsletter.