Randgold Resources Limited (GOLD) Downgraded to Neutral at UBS AG

UBS AG downgraded shares of Randgold Resources Limited (NASDAQ:GOLD) from a buy rating to a neutral rating in a research report report published on Thursday.

Several other equities research analysts have also recently weighed in on GOLD. BidaskClub cut Randgold Resources Limited from a hold rating to a sell rating in a research note on Wednesday, August 9th. Zacks Investment Research raised Randgold Resources Limited from a hold rating to a buy rating and set a $113.00 price target on the stock in a research report on Wednesday, September 20th. Finally, Investec raised Randgold Resources Limited from a hold rating to a buy rating in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Randgold Resources Limited currently has an average rating of Hold and an average price target of $105.00.

Randgold Resources Limited (GOLD) traded down $0.62 during mid-day trading on Thursday, reaching $90.55. The company had a trading volume of 393,942 shares, compared to its average volume of 682,469. The stock has a market capitalization of $8,530.00, a PE ratio of 30.99 and a beta of -0.07. Randgold Resources Limited has a 12-month low of $67.54 and a 12-month high of $108.29.

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Several large investors have recently added to or reduced their stakes in GOLD. Smith Affiliated Capital Corp. increased its holdings in shares of Randgold Resources Limited by 4.0% in the second quarter. Smith Affiliated Capital Corp. now owns 1,310 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 50 shares during the period. Acrospire Investment Management LLC increased its holdings in shares of Randgold Resources Limited by 40.0% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the basic materials company’s stock valued at $124,000 after purchasing an additional 400 shares during the period. Creative Planning increased its holdings in shares of Randgold Resources Limited by 41.3% in the second quarter. Creative Planning now owns 1,540 shares of the basic materials company’s stock valued at $136,000 after purchasing an additional 450 shares during the period. Howe & Rusling Inc. acquired a new position in shares of Randgold Resources Limited in the third quarter valued at approximately $137,000. Finally, FNY Managed Accounts LLC acquired a new position in shares of Randgold Resources Limited in the third quarter valued at approximately $152,000. 35.67% of the stock is currently owned by institutional investors and hedge funds.

Randgold Resources Limited Company Profile

Randgold Resources Limited is engaged in 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 various mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company is exploring in African countries, such as Mali, Senegal, Cote d’Ivoire and the Democratic Republic of Congo (DRC).

Analyst Recommendations for Randgold Resources Limited (NASDAQ:GOLD)

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