Impact of Brokerage Rating on Randgold Resources Limited(GOLD)

Many Randgold Resources Limited(GOLD) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Randgold Resources Ltd. (ADR) was Downgraded by Credit Suisse to Neutral on Jan 31, 2017. Randgold Resources Ltd. (ADR) was Upgraded by Berenberg to Buy on Jan 13, 2017. Randgold Resources Ltd. (ADR) was Upgraded by Morgan Stanley to Overweight on Dec 1, 2016. Randgold Resources Ltd. (ADR) was Upgraded by Citigroup to Neutral on Nov 22, 2016.

Randgold Resources Limited (NASDAQ:GOLD) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.55 by 6 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 2 Brokerage Firms have advised hold.

Randgold Resources Limited (NASDAQ:GOLD): The mean short term price target for Randgold Resources Limited (NASDAQ:GOLD) has been established at $103.36 per share. The higher price target estimate is at $130 and the lower price target estimate is expected at $80 according to 5 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $18.97

Randgold Resources Limited (NASDAQ:GOLD) rose 0.2% or 0.19 points on Tuesday and made its way into the gainers of the day. After trading began at $93.98 the stock was seen hitting $93.98 as a peak level and $91.84 as the lowest level. The stock ended up at $93. The daily volume was measured at 756,730 shares. The 52-week high of the share price is $126.55 and the 52-week low is $67.54. The company has a market cap of $8,719 million.

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 Cote dIvoire. The Company successfully developed the Morila deposit into one of the worlds largest and highest-margin gold mines. In addition, Randgold Resources has a portfolio of prospective exploration projects across Africa in Mali, Cote dIvoire, Senegal, Burkina Faso, Ghana and Tanzania.

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