In today’s session Randgold Resources Ltd. (ADR) (GOLD) registered an unusually high (1,108) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious GOLD increase. With 1,108 contracts traded and 1664 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: GOLD161118C00095000 closed last at: $0.75 or 6.3% down. About 328,288 shares traded hands. Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) has declined 7.79% since March 29, 2016 and is downtrending. It has underperformed by 11.26% the S&P500.
Analysts await Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) to report earnings on November, 3. They expect $1.13 EPS, up 151.11% or $0.68 from last year’s $0.45 per share. GOLD’s profit will be $105.65M for 19.36 P/E if the $1.13 EPS becomes a reality. After $0.52 actual EPS reported by Randgold Resources Ltd. (ADR) for the previous quarter, Wall Street now forecasts 117.31% EPS growth.
Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) Ratings Coverage
Out of 14 analysts covering Randgold-Resources (NASDAQ:GOLD), 6 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 43% are positive. $4400 is the highest target while $70.10 is the lowest. The $1501.18 average target is 1615.83% above today’s ($87.49) stock price. Randgold-Resources has been the topic of 25 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) earned “Neutral” rating by JP Morgan on Thursday, April 7. The firm has “Hold” rating given on Monday, October 26 by HSBC. The firm has “Hold” rating by HSBC given on Tuesday, February 9. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, February 9 report. JP Morgan downgraded the shares of GOLD in a report on Monday, September 14 to “Neutral” rating. The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) has “Neutral” rating given on Monday, August 15 by JP Morgan. The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) has “Market Perform” rating given on Monday, March 14 by BMO Capital Markets. The firm has “Buy” rating given on Thursday, July 14 by Jefferies. UBS upgraded the shares of GOLD in a report on Friday, September 9 to “Buy” rating. Numis Securities upgraded Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) on Monday, August 10 to “Add” rating.
According to Zacks Investment Research, “Randgold Resources is an international gold mining and exploration business. It has to date discovered the 7 Moz Morila deposit in southern Mali, the plus 5 Moz Yalea deposit in western Mali and the 3 Moz Tongon deposit in the CÃ´te d’Ivoire. The Company successfully developed the Morila deposit into one of the world’s largest and highest-margin gold mines. In addition, Randgold Resources has a portfolio of prospective exploration projects across Africa in Mali, CÃ´te d’Ivoire, Senegal, Burkina Faso, Ghana and Tanzania.”
Randgold Resources Limited is engaged in the gold mining, exploration and related activities. The company has a market cap of $8.18 billion. The Company’s activities are focused on West and Central Africa. It has a 43.36 P/E ratio. The Firm operates through the gold mining segment.
GOLD Company Profile
Randgold Resources Limited, incorporated on August 4, 1995, is engaged in gold mining, exploration and related activities. The Company’s activities are focused on West and Central Africa. The Firm operates through the gold mining segment. The Firm operates various mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Firm is exploring in over four African countries, such as Mali, Senegal, Cote d’Ivoire and the Democratic Republic of Congo (DRC), with a portfolio of approximately 141 targets on over 12,310 kilometers of ground holding, of these 99 are satellite targets while 42 are stand-alone operations. The Firm also holds an interest in the Massawa project.
More important recent Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) news were published by: Marketwatch.com which released: “Randgold Resources Ltd. ADR” on December 21, 2009, also Quotes.Wsj.com published article titled: “DOW JONES, A NEWS CORP COMPANY”, Livetradingnews.com published: “Randgold Resources Ltd. (ADR)(NASDAQ:GOLD) Trending Neutral” on October 07, 2016. More interesting news about Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) was released by: Schaeffersresearch.com and their article: “Analyst Update: Barrick Gold Corporation, Randgold Resources Ltd., and Royal …” with publication date: April 07, 2016.
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