Randgold Resources Limited (NASDAQ:GOLD): The mean short term price target for Randgold Resources Limited (NASDAQ:GOLD) has been established at $93.9 per share. The higher price target estimate is at $110 and the lower price target estimate is expected at $80 according to 5 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $14.87
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Citigroup downgrades its outlook on Randgold Resources Limited (NASDAQ:GOLD). The current rating of the shares is Sell, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on May 5, 2016. For the current week, the company shares have a recommendation consensus of Buy.
Randgold Resources Limited (NASDAQ:GOLD) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.07 points or 0.07% at $94.66 with 993,888 shares getting traded. Post opening the session at $95.8, the shares hit an intraday low of $93.84 and an intraday high of $96.95 and the price was in this range throughout the day. The company has a market cap of $8,852 million and the number of outstanding shares have been calculated to be 93,513,725 shares. The 52-week high of Randgold Resources Limited (NASDAQ:GOLD) is $101.6 and the 52-week low is $54.88.
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%).