Analyst Rating Update on Randgold Resources Limited (GOLD)

Randgold Resources Limited (NASDAQ:GOLD) has an average broker rating of 2.16, which is interpreted as a Buy, as rated by 8 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Randgold Resources Limited (NASDAQ:GOLD) : The highest level Randgold Resources Limited (NASDAQ:GOLD) is projected to reach is $110 for the short term and the lowest estimate is at $80. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $93.9 and the possibility the share price can swing is $14.87.

For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup downgrades its rating on Randgold Resources Limited (NASDAQ:GOLD). Analysts at the Citigroup have a current rating of Sell on the shares. The shares were previously rated Neutral. The rating by the firm was issued on May 5, 2016.

Randgold Resources Limited (NASDAQ:GOLD): On Tuesdays trading session , Opening price of the stock was $104.98 with an intraday high of $106.77. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $104.65. However, the stock managed to close at $105.52, a loss of 1.29% for the day. On the previous day, the stock had closed at $106.9. The total traded volume of the day was 1,223,926 shares.

Randgold Resources Limited is engaged in the exploration and development of gold deposits in Sub-Saharan Africa. The Company in Mali, West Africa, operates mines, such as Morila, Loulo and Gounkoto. The Company owns 50% of Morila Limited, which in turn owns 80% of Morila. It has an 80% controlling interest in the Loulo mine, through Societe des Mines de Loulo SA (Loulo). The Company has an 80% controlling interest in the Gounkoto mine through Societe des Mines de Gounkoto SA (Gounkoto). It operates Tongon gold mine in Cote dIvoire, Africa, which is located within the Nielle exploitation permit. The Company holds 45% interest in the Kibali gold mine located in the Democratic Republic of Congo (DRC) in conjunction with AngloGold Ashanti Limited (AngloGold Ashanti) (45%) and Societe Miniere de Kilo-Moto sarl (SOKIMO) (10%).

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