Randgold Resources Ltd. (NASDAQ:GOLD) was downgraded by equities researchers at TheStreet from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
Several other research analysts have also recently weighed in on GOLD. Deutsche Bank AG reissued a “hold” rating on shares of Randgold Resources in a report on Saturday, June 25th. Goldman Sachs Group Inc. raised shares of Randgold Resources from a “neutral” rating to a “buy” rating in a report on Monday, June 27th. Macquarie raised shares of Randgold Resources from a “neutral” rating to an “outperform” rating in a report on Friday, July 1st. HSBC reaffirmed a “buy” rating on shares of Randgold Resources in a report on Thursday, July 7th. Finally, Zacks Investment Research raised shares of Randgold Resources from a “hold” rating to a “strong-buy” rating and set a $136.00 target price on the stock in a report on Tuesday, July 12th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $101.00.
Randgold Resources (NASDAQ:GOLD) traded up 0.97% on Tuesday, reaching $84.70. 995,902 shares of the company traded hands. The stock has a 50-day moving average of $97.11 and a 200 day moving average of $99.63. Randgold Resources has a 52-week low of $58.77 and a 52-week high of $126.55. The company has a market capitalization of $7.93 billion, a PE ratio of 41.91 and a beta of 0.39.
Hedge funds have recently modified their holdings of the stock. M&T Bank Corp bought a new stake in shares of Randgold Resources during the first quarter worth $1,291,000. BB&T Securities LLC bought a new stake in shares of Randgold Resources during the first quarter worth $352,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Randgold Resources by 0.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,363 shares of the company’s stock worth $2,848,000 after buying an additional 263 shares in the last quarter. Cypress Wealth Advisors LLC bought a new stake in shares of Randgold Resources during the first quarter worth $204,000. Finally, Geode Capital Management LLC raised its stake in shares of Randgold Resources by 9.6% in the first quarter. Geode Capital Management LLC now owns 20,594 shares of the company’s stock worth $1,870,000 after buying an additional 1,808 shares in the last quarter. Hedge funds and other institutional investors own 42.81% of the company’s stock.
About Randgold Resources
Randgold Resources Limited is engaged in the 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 mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company holds Morila Limited, which holds interests in the Morila mine in Mali.
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