BidaskClub upgraded shares of Randgold Resources (NASDAQ:GOLD) from a sell rating to a hold rating in a research note issued to investors on Thursday, December 21st.
A number of other analysts have also commented on GOLD. Zacks Investment Research upgraded Randgold Resources from a hold rating to a buy rating and set a $113.00 target price on the stock in a report on Wednesday, September 20th. Desjardins reiterated a hold rating on shares of Randgold Resources in a report on Monday, December 11th. UBS Group downgraded Randgold Resources from a buy rating to a neutral rating in a research report on Thursday, November 9th. Citigroup raised Randgold Resources from a neutral rating to a buy rating in a research report on Tuesday, December 5th. Finally, Royal Bank of Canada raised Randgold Resources to a sector perform rating in a research report on Monday, December 4th. They noted that the move was a valuation call. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $84.90.
Randgold Resources (NASDAQ:GOLD) traded up $2.40 during trading hours on Thursday, reaching $100.45. The company’s stock had a trading volume of 444,716 shares, compared to its average volume of 395,056. The firm has a market capitalization of $9,260.00, a PE ratio of 34.05 and a beta of -0.12. Randgold Resources has a 1 year low of $80.34 and a 1 year high of $108.29.
A number of large investors have recently modified their holdings of GOLD. Acrospire Investment Management LLC grew its position in Randgold Resources by 40.0% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the basic materials company’s stock worth $124,000 after buying an additional 400 shares in the last quarter. Howe & Rusling Inc. bought a new stake in Randgold Resources during the third quarter worth $137,000. FNY Managed Accounts LLC bought a new stake in Randgold Resources during the third quarter worth $152,000. Twin Tree Management LP bought a new stake in Randgold Resources during the second quarter worth $160,000. Finally, Quadrant Capital Group LLC lifted its stake in Randgold Resources by 11.2% during the second quarter. Quadrant Capital Group LLC now owns 1,939 shares of the basic materials company’s stock worth $162,000 after purchasing an additional 195 shares during the last quarter. 34.99% of the stock is currently owned by institutional investors and hedge funds.
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About Randgold Resources
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).
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