Randgold Resources (NASDAQ:GOLD) posted its earnings results on Tuesday. The basic materials company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03, MarketWatch Earnings reports. Randgold Resources had a net margin of 19.74% and a return on equity of 5.88%.
GOLD stock opened at $81.25 on Thursday. Randgold Resources has a 12 month low of $59.90 and a 12 month high of $104.05. The stock has a market cap of $7.75 billion, a P/E ratio of 27.83 and a beta of -0.29.
GOLD has been the topic of a number of research reports. UBS Group upgraded shares of Randgold Resources from a “neutral” rating to a “buy” rating in a report on Wednesday, August 29th. Desjardins upgraded shares of Randgold Resources from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Friday, August 17th. Clarus Securities restated a “buy” rating on shares of Randgold Resources in a report on Friday, August 10th. BidaskClub upgraded shares of Randgold Resources from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Finally, Scotiabank set a $98.00 target price on shares of Randgold Resources and gave the stock a “hold” rating in a report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $87.00.
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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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