JPMorgan Chase Raises Randgold Resources to Neutral (GOLD)
Randgold Resources (NASDAQ: GOLD) was upgraded by equities research analysts at JPMorgan Chase (NYSE: JPM) from an “underweight” rating to a “neutral” rating in a research note issued to investors on Tuesday.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura (NYSE: NMR) downgraded shares of Randgold Resources from a “neutral” rating to a “reduce” rating in a research note to investors on Monday, April 30th. Separately, analysts at Stifel Nicolaus upgraded shares of Randgold Resources from a “hold” rating to a “buy” rating in a research note to investors on Monday, April 9th. They now have a $110.00 price target on the stock. Finally, analysts at HSBC (NYSE: HBC) cut their price target on shares of Randgold Resources from $154.00 to $133.00 in a research note to investors on Tuesday, April 3rd. They now have an “overweight” rating on the stock.
Randgold Resources traded up 0.36% on Tuesday, hitting $77.89. Randgold Resources has a 52-week low of $73.10 and a 52-week high of $120.73. The company has a market cap of $7.066 billion and a price-to-earnings ratio of 16.88.
Randgold Resources last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by $0.18. The company’s revenue for the quarter was up 45.0% on a year-over-year basis. Analysts expect that Randgold Resources will post $1.66 EPS next quarter.
Randgold Resources Ltd. is engaged in gold mining, exploration and related activities. The Company’s activities are focused on West and Central Africa.