Randgold Resources Limited (GOLD) Receives Consensus Rating of “Hold” from Brokerages

Shares of Randgold Resources Limited (NASDAQ:GOLD) have been given an average rating of “Hold” by the eighteen research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $77.88.

Several analysts recently issued reports on the company. Zacks Investment Research downgraded Randgold Resources Limited from a “hold” rating to a “strong sell” rating in a research note on Friday, November 10th. UBS AG downgraded Randgold Resources Limited from a “buy” rating to a “neutral” rating in a research note on Thursday, November 9th. Investec upgraded Randgold Resources Limited from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Finally, BidaskClub downgraded Randgold Resources Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th.

Several hedge funds have recently made changes to their positions in the stock. Smith Affiliated Capital Corp. lifted its position in shares of Randgold Resources Limited by 4.0% during the 2nd quarter. Smith Affiliated Capital Corp. now owns 1,310 shares of the basic materials company’s stock worth $116,000 after buying an additional 50 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Randgold Resources Limited by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,915 shares of the basic materials company’s stock worth $1,319,000 after buying an additional 56 shares during the last quarter. Wetherby Asset Management Inc. lifted its position in shares of Randgold Resources Limited by 2.0% during the 2nd quarter. Wetherby Asset Management Inc. now owns 3,104 shares of the basic materials company’s stock worth $274,000 after buying an additional 62 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Randgold Resources Limited by 11.2% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,939 shares of the basic materials company’s stock worth $162,000 after buying an additional 195 shares during the last quarter. Finally, Advisor Group Inc. lifted its position in shares of Randgold Resources Limited by 9.7% during the 2nd quarter. Advisor Group Inc. now owns 2,815 shares of the basic materials company’s stock worth $248,000 after buying an additional 250 shares during the last quarter. Institutional investors and hedge funds own 35.66% of the company’s stock.

Randgold Resources Limited (GOLD) traded up $0.63 on Thursday, reaching $92.70. The company had a trading volume of 444,600 shares, compared to its average volume of 678,006. The company has a market cap of $8,660.91, a P/E ratio of 31.21 and a beta of -0.07. Randgold Resources Limited has a twelve month low of $67.54 and a twelve month high of $108.29.

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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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