BMO Capital Upgrades Randgold Resources Ltd. (GOLD) to Outperform

November 9, 2016 8:23 AM EST
Get Alerts GOLD Hot Sheet
Price: $82.14 -0.3%

Rating Summary:
    8 Buy, 9 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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BMO Capital upgraded Randgold Resources Ltd. (NASDAQ: GOLD) from Market Perform to Outperform with a £92.50 price target.

Analyst Andrew Breichmanas commented, "We are upgrading our rating on shares of Randgold Resources to Outperform. The stock has underperformed year-to-date, but warrants a premium owing to the quality of its assets, the strength of its balance sheet, and the track-record of management. With an attractive valuation relative to historical multiples and peers, operational improvements forecast, and near-term catalysts anticipated, the stock currently appears to provide a compelling investment opportunity."

For an analyst ratings summary and ratings history on Randgold Resources Ltd. click here. For more ratings news on Randgold Resources Ltd. click here.

Shares of Randgold Resources Ltd. closed at $83.71 yesterday.

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