Could Randgold Resources Ltd. (ADR) Lose Strenght? Option Traders Don’t Think So

 Could Randgold Resources Ltd. (ADR) Lose Strenght? Option Traders Don't Think So

In today’s session Randgold Resources Ltd. (ADR) (GOLD) registered an unusually high (2,678) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious GOLD increase. With 2,678 contracts traded and 1244 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: GOLD170120C00087500 closed last at: $2.35 or 53.9% down. About 648,814 shares traded hands. Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) has declined 24.80% since April 12, 2016 and is downtrending. It has underperformed by 29.79% the S&P500.

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. $4400 is the highest target while $70.10 is the lowest. The $1501.18 average target is 1994.57% above today’s ($71.67) stock price. Randgold-Resources has been the topic of 26 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, July 24 by Citigroup. The firm earned “Add” rating on Monday, August 10 by Numis Securities. The firm has “Hold” rating given on Wednesday, September 7 by Berenberg. As per Monday, August 24, the company rating was upgraded by RBC Capital Markets. JP Morgan maintained Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) rating on Monday, August 15. JP Morgan has “Neutral” rating and $102 price target. The rating was maintained by JP Morgan with “Neutral” on Thursday, April 7. The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) has “Neutral” rating given on Monday, September 14 by JP Morgan. As per Thursday, July 14, the company rating was upgraded by Jefferies. HSBC downgraded the shares of GOLD in a report on Monday, October 26 to “Hold” rating. The firm earned “Buy” rating on Friday, September 9 by UBS.

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.”

Randgold Resources Limited is engaged in the gold mining, exploration and related activities. The company has a market cap of $6.48 billion. The Company’s activities are focused on West and Central Africa. It has a 31.67 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 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.

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