Randgold Resources (GOLD) Getting Somewhat Negative Media Coverage, Study Finds

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Media headlines about Randgold Resources (NASDAQ:GOLD) have trended somewhat negative on Thursday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Randgold Resources earned a news impact score of -0.05 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 46.2614625490628 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

GOLD has been the subject of several research reports. BidaskClub cut Randgold Resources from a “hold” rating to a “sell” rating in a research report on Saturday, May 12th. ValuEngine cut Randgold Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, May 16th. TheStreet cut Randgold Resources from a “b” rating to a “c+” rating in a research report on Tuesday, May 15th. JPMorgan Chase & Co. reduced their target price on Randgold Resources from $99.00 to $98.00 and set a “neutral” rating for the company in a research report on Tuesday, May 22nd. Finally, Zacks Investment Research cut Randgold Resources from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 4th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $101.00.

Shares of GOLD stock opened at $63.55 on Thursday. The firm has a market capitalization of $6.16 billion, a P/E ratio of 21.76 and a beta of -0.14. Randgold Resources has a one year low of $62.55 and a one year high of $108.29.

Randgold Resources (NASDAQ:GOLD) last issued its earnings results on Thursday, August 9th. The basic materials company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). The firm had revenue of $283.66 million during the quarter. Randgold Resources had a return on equity of 5.88% and a net margin of 19.74%. analysts predict that Randgold Resources will post 2.97 EPS for the current year.

About Randgold Resources

Randgold Resources Limited is engaged in gold mining, exploration and related activities. The Company’s activities are focused on West and Central Africa. The Company operates through the gold mining segment. The Company operates various mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company is exploring in African countries, such as Mali, Senegal, Cote d’Ivoire and the Democratic Republic of Congo (DRC).

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