Today’s Price Action: It Seems Randgold Resources Ltd. (ADR) Will Go Down. Have Another Big Decline

Today's Price Action: It Seems Randgold Resources Ltd. (ADR) Will Go Down. Have Another Big Decline

The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) is a huge mover today! About 2.53M shares traded hands or 134.26% up from the average. Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) has declined 8.34% since April 8, 2016 and is downtrending. It has underperformed by 13.99% the S&P500.
The move comes after 5 months negative chart setup for the $7.62B company. It was reported on Nov, 10 by Barchart.com. We have $71.08 PT which if reached, will make NASDAQ:GOLD worth $609.60M less.

Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) Ratings Coverage

Out of 14 analysts covering Randgold-Resources (NASDAQ:GOLD), 7 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 50% are positive. Randgold-Resources has been the topic of 26 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by RBC Capital Markets on Monday, August 24. The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) has “Buy” rating given on Monday, June 27 by Goldman Sachs. Morgan Stanley downgraded Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) on Monday, March 7 to “Equal-Weight” rating. The stock has “Hold” rating given by Jefferies on Friday, September 25. The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) has “Hold” rating given on Wednesday, September 7 by Berenberg. The firm earned “Market Perform” rating on Monday, March 14 by BMO Capital Markets. As per Monday, September 14, the company rating was downgraded by JP Morgan. Macquarie Research upgraded the shares of GOLD in a report on Friday, July 1 to “Outperform” rating. The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) earned “Add” rating by Numis Securities on Friday, November 6. As per Monday, October 26, the company rating was downgraded by HSBC.

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 Côte 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, Côte d’Ivoire, Senegal, Burkina Faso, Ghana and Tanzania.”

More 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 the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Livetradingnews.com‘s news article titled: “Randgold Resources Ltd. (ADR)(NASDAQ:GOLD) Trending Neutral” with publication date: October 07, 2016 was also an interesting one.

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.

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