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Randgold Resources (NASDAQ:GOLD) was upgraded by stock analysts at Citigroup Inc. from a “sell” rating to a “neutral” rating in a report issued on Monday, TheFlyOnTheWall.com reports.

A number of other analysts have also recently weighed in on GOLD. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Randgold Resources in a research note on Friday. Separately, analysts at Davy Research reiterated an “outperform” rating on shares of Randgold Resources in a research note on Tuesday, February 11th. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Randgold Resources in a research note on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $86.27.

Shares of Randgold Resources (NASDAQ:GOLD) traded up 0.90% during mid-day trading on Monday, hitting $80.37. 795,743 shares of the company’s stock traded hands. Randgold Resources has a one year low of $59.19 and a one year high of $86.66. The stock’s 50-day moving average is $68.42 and its 200-day moving average is $71.0. The company has a market cap of $7.413 billion and a price-to-earnings ratio of 26.73.

Randgold Resources (NASDAQ:GOLD) last announced its earnings results on Monday, February 3rd. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.73 by $0.14. During the same quarter in the prior year, the company posted $1.32 earnings per share. On average, analysts predict that Randgold Resources will post $3.77 earnings per share for the current fiscal year.

Randgold Resources Limited is engage in the exploration and development of gold deposits in Sub-Saharan Africa.

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