Will Randgold Resources Limited (GOLD) Defy Bears?

Randgold Resources Limited (GOLD) will probably climb 657.48 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $17-month high price target. This represents a whopping 36.66 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $14, which represents a return potential of 12.54 percent when compared to the closing price of the stock of $12.44 on Friday, January 11. The lowest price target for the stock is $12 — slightly more than -3.54 percent from GOLD’s current share price.

The stock is currently hovering around the first support level of $12.3. Below this, the next support is placed in the zone of $12.16. Till the time, the GOLD stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 40.76 on daily chart, which may remain a cause for concern. If the price breaks below $12.16 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $12.63 mark may result into a pull-back move towards $12.82 level.

On 11th of January, Randgold Resources Limited (NYSE:GOLD) shares ended higher after a volatile session. The shares accumulated 0.08 points or 0.65 percent at $12.44 with a light trade volume of 14.133 million shares. After opening the session at $12.44, the shares went as high as $12.68 and as low as $12.35, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $21.7 billion and now has 1.74 billion shares outstanding. Randgold Resources Limited (GOLD) stock has lost -8.53 percent of market value in 21 trading days.

GOLD stock has a trailing 3-year beta of -0.52, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$0.86 a share in the trailing twelve months. The stock’s value has fallen -8.12 percent year to date (YTD) against a decline of -14.68 percent in 12 month’s time. The company’s shares still trade -19.85 percent away from its 1-year high of $15.52 and 30.54 percent up from 52-week low of $9.53. The average consensus rating on the company is 2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

Shares of Randgold Resources Limited (GOLD) are sporting a 2.86 on the Price-to-Sales ratio. 33.2 percent is the gross profit margin for Randgold Resources Limited and operating margin sits at 3.5 percent. Along with this, the net profit margin is -8.7 percent.