Analyst Rating Update on Randgold Resources Limited (GOLD)

Randgold Resources Limited (GOLD) has an average broker rating of 1.76, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 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 1, which is also a Strong Buy.

Randgold Resources Limited (GOLD) : The most positive equity analysts on Randgold Resources Limited (GOLD) expects the shares to touch $154, whereas, the least positive believes that the stock will trade at $80 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $106.73 with an expected fluctuation of $33.45 from the mean.

For the current week, the company shares have a recommendation consensus of Buy.


Randgold Resources Limited (NASDAQ:GOLD): The stock opened at $120.09 on Wednesday but the bulls could not build on the opening and the stock topped out at $120.22 for the day. The stock traded down to $118.46 during the day, due to lack of any buying support eventually closed down at $118.88 with a loss of -0.79% for the day. The stock had closed at $119.83 on the previous day. The total traded volume was 859,653 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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