Friday, 25 May, 2018

Building On Last Year's Record Results, Randgold Makes Strong Start to 2017

Randgold Resources Ltd Building On Last Year's Record Results, Randgold Makes Strong Start to 2017
Orlando Vargas | 07 May, 2017, 14:50

The average 12 month price objective among brokerages that have issued a report on the stock in the previous year is $97.50.

A number of research analysts have recently commented on GOLD shares.

Let's also take a brief look at the stock price in relation to some highs/lows and moving averages.

Gold miner Randgold Resources Ltd reported a 33 percent rise in first-quarter profit, helped by strong output at its Kibali and Tongon mines amid lower production costs. Scotiabank reduced their target price on Randgold Resources to $136.00 and set a "sector perform" rating for the company in a report on Thursday, March 30th. They noted that the move was a valuation call.

"ILLEGAL ACTIVITY WARNING: "[[title]]" was published by [[site]] and is owned by of [[site]]. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of USA & worldwide copyright & trademark laws. The original version of this piece can be accessed at [[permalink]]. Financial Architects Inc purchased a new position in shares of Randgold Resources during the third quarter valued at $110,000. 3,149,242 shares of the company's stock were exchanged. Tiaa Cref Investment Mngmt Limited Liability Company stated it has 0.04% in Best Buy Co Inc (NYSE:BBY).

Yesterday Randgold Resources Ltd (LON:RRS) traded 0.17% higher at 6,747.50GBX. UBS Asset Management Americas Inc. now owns 13,881 shares of the basic materials company's stock valued at $1,389,000 after buying an additional 2,848 shares in the last quarter.

Russia-backed Syrian safe zones plan goes into effect
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'American Idol' may be headed to ABC in 2018
Now, according to Deadline , Fox has also thrown its hat in the ring with an offer to the production company. At one point, ABC wanted to re-locate the show from Los Angeles to NY , where Seacrest is now based.


Underhill Investment Management Llc decreased Air Lease Corp Cl A (AL) stake by 5.16% reported in 2016Q4 SEC filing. Alps Advisors Inc. increased its position in shares of Randgold Resources by 19.3% in the third quarter. Van ECK Associates Corp raised its position in shares of Randgold Resources by 2.1% in the fourth quarter. Cetera Advisor Networks LLC now owns 4,134 shares of the basic materials company's stock worth $414,000 after buying an additional 110 shares during the last quarter. Institutional investors own 38.52% of the company's stock.

Randgold Resources (NASDAQ:GOLD) traded down 1.10% during midday trading on Monday, hitting $84.79. The SI to Randgold Resources Limited WS's float is 1.9%. The company has a market capitalization of $7.97 billion, a PE ratio of 32.49 and a beta of 0.13. Randgold Resources Ltd. The company's 50 day moving average price is $89.16 and its 200 day moving average price is $83.91. The basic materials company reported $0.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by $0.07. Teck Resources had a positive return on equity of 1.13% and a negative net margin of 1.42%. The firm earned $356.39 million during the quarter. Randgold Resources's dividend payout ratio is now 49.04%.

The company also recently disclosed a dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, March 17th will be issued a dividend of $0.98 per share. Berenberg Bank reiterated a "hold" rating and issued a $25.50 price objective on shares of Teck Resources in a research note on Thursday, February 16th. Randgold Resources's dividend payout ratio is 49.04%.

Randgold operates five gold mines in Africa - three in Mali, one in Ivory Coast and one in the Democratic Republic of Congo. The Company's activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. The Company operates through the gold mining segment.

High recoveries supported the performance of the Loulo-Gounkoto gold mine in Mali, where the Morila tailings retreatment operation is delivering on plan, with sound cost control achieved at the Tongon mine in Côte d'Ivoire.

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