Randgold Resources Limited (GOLD) Receives Analyst Rating

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 3, which is also a Hold.

Randgold Resources Limited (GOLD) stock is expected to deviate a maximum of $26 from the average target price of $109.89 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $143 and the most muted being $80.


Also, Brokerage firm UBS upgrades its rating on Randgold Resources Limited (NASDAQ:GOLD). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on September 9, 2016.

Randgold Resources Limited (NASDAQ:GOLD): The stock opened in the green at $97.81 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $98.41 and a low of $95.53 for the day. The stock did not find buyers even at the lows and closed at $97.06 recording a loss of -0.45%. 738,745 shares exchanged hands during the trading day. The stock had closed at $97.5 in the previous days trading.

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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