Randgold Resources (GOLD) Cut to "Strong Sell" at Zacks Investment Research



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  Randgold Resources Ltd. logo "title =" Randgold Resources Ltd. logo "class =" companylogo size-full "/> Zacks Investment Research cut shares of <span> Randgold Resources (NASDAQ: GOLD) </span> from an expectation According to Zacks," Randgold Resources is a company International Exploration and Exploration Group, which has discovered to date the Moz Morila deposit in southern Mali. 5 The Moz Yalea deposit in western Mali and the 3 Moz Tongon deposit in Ivory Coast The company has successfully developed the Morila deposit in one of the largest and most rich gold mines in the world. exploration projects across Africa in Mali, Côte d 'Ivoire, Senegal, Burkina Faso, Ghana and Tanzania. "</p>
<p>  A number of other research companies have recently published reports on GOLD – from a neutral note to a purchase note in a research note on Monday, March 26. BidaskClub has updated Randgold Resources shares from a strong sales note to a sales note in a research note on Saturday, March 24. Canaccord Genuity proceeded with the upgrade of Randgold Resources' shares. a note of caution to a note of purchase in a research note on Tuesday, March 13. Royal Bank of Canada has reduced the shares of Randgold Resources from a sectoral performance rating to an underperforming note in a research note on Wednesday, April 4. Finally, Desjardins set a price target of $ 100.00 on the shares of Randgold Resources and granted the company a note of retention in a research note on Monday, April 16. Three analysts rated the stock with a sales note, six attributed é a blocking note and seven gave a note of purchase to the company. The stock currently has an average Hold rating and an average price target of $ 103.00. </p>
<p>  The GOLD stock was opened Wednesday at $ 76.05. The company has a market capitalization of $ 7.28 billion, a price / earnings ratio of 27.73 and a beta of 0.04. Randgold Resources has a low of $ 74.02 in one year and a high of $ 108.29 in one year. </p>
<p>  Randgold Resources (NASDAQ: GOLD) released its financial results for the last time on Thursday, May 10th. The base materials company reported earnings per share (EPS) of $ 0.60 for the quarter, missing consensus analyst estimates of $ 0.68 per ($ 0.08). The company achieved a turnover of $ 273.28 million during the quarter. Randgold Resources recorded a net margin of 21.49% and a return on equity of 6.72%. Equity research analysts expect Randgold Resources to post EPS of 3.44 for the current year. </p>
<p>  Several hedge funds and other institutional investors have recently changed their holdings of equities. Natixis purchased a new equity interest in Randgold Resources during the first quarter, valued at approximately $ 2,281,000. Westwood Holdings Group Inc. increased its position in Randgold Resources by 14.8% in the first quarter. Westwood Holdings Group Inc. now holds 44,213 shares in the base materials company valued at $ 3,680,000 after acquiring 5,704 additional shares in the last quarter. Boyer & Corporon Wealth Management LLC increased its position in Randgold Resources by 14.4% in the first quarter. Boyer & Corporon Wealth Management LLC now holds 47,805 shares in the base materials company valued at $ 3,979,000 after acquiring an additional 6,028 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Randgold Resources by 68.2% in the first quarter. Commonwealth Equity Services LLC now owns 3,823 shares of the base materials company valued at $ 318,000 following the acquisition of 1,550 additional shares during the last quarter. Finally, Prince Street Capital Management LLC increased its position in Randgold Resources by 58.4% in the first quarter. Prince Street Capital Management LLC now holds 473,000 shares of the base materials company worth $ 39,373,000 following the acquisition of 174,300 additional shares during the last quarter. Institutional investors and hedge funds own 35.82% of the company's shares. </p>
<p>  <strong> Company Profile Randgold Resources </strong> </p>
<p>  Randgold Resources Limited carries on activities in gold mining, exploration and related activities. The activities of the Company are concentrated in West and Central Africa. The Company operates in the gold mining sector. The Company operates various mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Society is exploring African countries, such as Mali, Senegal, Côte d'Ivoire and the Democratic Republic of Congo (DRC). <!--ViewCount:ArticleHistoryID=21111367&PostDate=2018-7-7&type=a&quarternary=1&id=1046827--> </p>
<p>  Get a free copy of Zacks' research report on Randgold Resources (GOLD) [19659002] For more information on Zacks Investment Research's research offerings, visit Zacks.com </p>
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