Barclays Capital’s target gives a potential upside of 31.76% from the company’s last stock close price. By contrast, Randgold’s shares are down less than 1% this year. That missed analysts’ expectations of $0.46 earnings per share, based on FactSet poll of eight analysts. The stock’s 50 day moving average is GBX 4,236.00 and its 200-day moving average is GBX 4,302.17.
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Shares of Randgold Resources Limited (NASDAQ:GOLD) ended Tuesday session in red amid volatile trading. Finally, Credit Suisse reaffirmed a “neutral” rating and set a GBX 4,270 ($65.88) price target on shares of Randgold Resources Limited in a research report on Monday, September 14th. Vetr downgraded shares of Randgold Resources from a “buy” rating to a “hold” rating in a research report on Monday, October 5th. They issued a “sell” rating on the stock. The stock now has a consensus rating of “Hold” and an average price target of GBX 4,552.44 ($70.24).
Revenue, however, increased 1.2% to $251 million in the third quarter, compared with the previous quarter, as gold output rose 1.7% to 305,288 troy ounces during the period, moer than offsetting a 6% decline in achieved gold prices.
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Mali/DRC/Côte d’Ivoire – African gold major Randgold Resources boosted production to a new record level in the third quarter of the year on the back of a steady all-round operational performance while stepping up exploration programmes created to find its next world-class discovery as well as to expand its existing reserves. The Company in Mali, West Africa, operates mines, such as Morila, Loulo and Gounkoto. The Business owns 50% of Morila Limited, which owns 80% of Morila. It’s an 80% controlling interest in the Loulo mine, through Societe des Mines de Loulo SA (LON:RRS). The Tongon project is located within the Nielle exploitation permit in the north of Cote dIvoire, approximately 55 kilometers south of the border with Mali. The Company holds 45% interest in the Kibali gold mine located in the Democratic Republic of Congo (DRC) in conjunction with AngloGold Ashanti Limited (AngloGold Ashanti) (45%) and Societe Miniere de Kilo-Moto sarl (SOKIMO) (10%).
