Jefferies Upgrades Randgold Resources Ltd. (ADR) to Buy

Brokerage firm Jefferies Upgrades its rating on Randgold Resources Ltd. (ADR)(NASDAQ:GOLD). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Jefferies was issued on Jul 14, 2016.

In a different note, On Jun 27, 2016, Goldman Sachs said it Upgrades its rating on Randgold Resources Ltd. (ADR). The shares have been rated ‘Buy’ by the firm. On May 5, 2016, Citigroup said it Downgrades its rating on Randgold Resources Ltd. (ADR). The shares have been rated ‘Sell’ by the firm. On May 5, 2016, Bank of America said it Upgrades its rating on Randgold Resources Ltd. (ADR). The shares have been rated ‘Buy’ by the firm. On May 5, 2016, Bank of America said it Upgrades its rating on Randgold Resources Ltd. (ADR). The shares have been rated ‘Buy’ by the firm. On Apr 18, 2016, Citigroup said it Downgrades its rating on Randgold Resources Ltd. (ADR). The shares have been rated ‘Neutral’ by the firm.

Randgold Resources Ltd. (ADR) (GOLD) made into the market gainers list on Mondays trading session with the shares advancing 0.82% or 0.96 points. Due to strong positive momentum, the stock ended at $118.06, which is also near the day’s high of $118.15. The stock began the session at $117.26 and the volume stood at 9,11,909 shares. The 52-week high of the shares is $126.55 and the 52 week low is $54.88. The company has a current market capitalization of $11,040 M and it has 9,35,13,725 shares in outstanding.

Randgold Resources Ltd. (ADR)(GOLD) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Earnings per share were $0.57. Analysts had estimated an EPS of $0.56.

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 d’Ivoire 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%).

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *