Randgold Resources' (RRS) Neutral Rating Reiterated at Credit Suisse Group

HSBC upgraded Randgold to "buy" from "hold" but lowered its target price to 7,700p from 7,800p on the expected impact of foreign exchange headwinds. Finally, Barclays dropped their target price on shares of Randgold Resources from GBX 8,000 ($112.17) to GBX 7,850 ($110.07) and set an "overweight" rating on the stock in a research report on Monday, January 8th. The basic materials company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.05). Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Finally, Citigroup raised shares of Randgold Resources from a "neutral" rating to a "buy" rating in a report on Tuesday, December 5th.

A number of other analysts have also issued reports on GOLD. Berenberg Bank reiterated a buy rating and issued a GBX 7,400 ($103.76) target price on shares of Randgold Resources in a research note on Thursday, November 2nd.

According to Zacks, "Randgold Resources is an worldwide gold mining and exploration business". The stock has a market cap of $7,992.08, a PE ratio of 28.52 and a beta of -0.06. Randgold Resources Limited had a net margin of 22.75% and a return on equity of 7.89%. Randgold Resources has a twelve month low of $81.35 and a twelve month high of $108.29.

Several institutional investors and hedge funds have recently modified their holdings of GOLD. CI Investments Inc. lifted its stake in shares of Randgold Resources by 498.0% in the 4th quarter.

The stock decreased 2.23% or GBX 144.04 during the last trading session, reaching GBX 6313.96. Northern Trust Corp increased its position in Randgold Resources by 1.0% during the 2nd quarter. Stockholders of record on Friday, March 23rd will be paid a $1.98 dividend. The ex-dividend date is Thursday, March 22nd. Randgold Resources's dividend payout ratio is now 33.68%. Parametric Portfolio Associates LLC grew its position in shares of Randgold Resources by 9.6% during the second quarter. BlackRock Inc. now owns 9,333,067 shares of the basic materials company's stock valued at $825,605,000 after purchasing an additional 671,684 shares during the period. Renaissance Technologies LLC now owns 326,600 shares of the basic materials company's stock worth $28,891,000 after acquiring an additional 223,900 shares during the last quarter. Institutional investors own 35.25% of the company's stock. BidaskClub cut Randgold Resources from a "hold" rating to a "sell" rating in a report on Thursday. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & global copyright legislation.

Randgold Resources Limited is engaged in gold mining, exploration and related activities. The legal version of this piece of content can be read at https://www.thelincolnianonline.com/2018/02/10/hc-wainwright-reiterates-buy-rating-for-randgold-resources-gold-updated-updated-updated.html.

"We expect Randgold's operational outperformance and unrivalled track record of discovering and developing high-quality assets in West and Central Africa to continue to set the group apart", HSBC said, adding that over time, these qualities had "resulted in low volatility relative to peer group and earnings multiples that trade at sustained and substantial premia".

"Realising cash flow from Kibali is an important indicator of Randgold managements' continued ability to manage regulatory risk, with promulgated changes to the DRC (Democratic Republic of Congo) mining code likely to provoke continued news flow in the short to medium term".

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