Shares of Randgold Resources Ltd. (NASDAQ:GOLD) have received a consensus rating of “Hold” from the twenty research firms that are presently covering the stock. Three research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and eight have given a buy recommendation to the company.
Several analysts have weighed in on GOLD shares. Macquarie raised shares of Randgold Resources from a “neutral” rating to an “outperform” rating in a research note on Friday, July 1st. HSBC restated a “buy” rating on shares of Randgold Resources in a research report on Thursday, July 7th. Citigroup Inc. restated a “sell” rating on shares of Randgold Resources in a research report on Thursday, August 18th. Zacks Investment Research cut shares of Randgold Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 7th. Finally, Goldman Sachs Group Inc. upgraded shares of Randgold Resources from a “neutral” rating to a “buy” rating in a research report on Monday, June 27th.
Randgold Resources (NASDAQ:GOLD) opened at 104.00 on Tuesday. The company has a market cap of $9.74 billion, a PE ratio of 51.46 and a beta of 0.47. Randgold Resources has a 52-week low of $57.37 and a 52-week high of $126.55. The stock’s 50 day moving average is $103.20 and its 200-day moving average is $99.29.
Large investors have recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Randgold Resources by 45.0% in the second quarter. FMR LLC now owns 5,277,688 shares of the company’s stock worth $591,312,000 after buying an additional 1,637,397 shares during the period. Van ECK Associates Corp boosted its stake in shares of Randgold Resources by 11.0% in the second quarter. Van ECK Associates Corp now owns 6,140,647 shares of the company’s stock worth $687,998,000 after buying an additional 607,944 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Randgold Resources during the first quarter worth $32,864,000. Alps Advisors Inc. boosted its stake in shares of Randgold Resources by 387.2% in the second quarter. Alps Advisors Inc. now owns 356,046 shares of the company’s stock worth $39,891,000 after buying an additional 282,972 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of Randgold Resources by 93.0% in the first quarter. Wellington Management Group LLP now owns 428,086 shares of the company’s stock worth $38,875,000 after buying an additional 206,254 shares during the period. Institutional investors and hedge funds own 41.98% 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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