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.