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Randgold Resources (NASDAQ:GOLD) was upgraded by TheStreet from a “hold” rating to a “buy” rating in a research note issued on Wednesday, ARN reports.

The analysts wrote, “Randgold Resources (GOLD) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”

A number of other firms have also recently commented on GOLD. Analysts at UBS AG initiated coverage on shares of Randgold Resources in a research note on Wednesday. They set a “buy” rating and a $10.00 price target on the stock. Separately, analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Randgold Resources in a research note on Monday. Finally, analysts at Investec downgraded shares of Randgold Resources from a “buy” rating to a “hold” rating in a research note on Monday. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $67.20.

Randgold Resources (NASDAQ:GOLD) traded up 0.26% on Wednesday, hitting $80.62. 458,978 shares of the company’s stock traded hands. Randgold Resources has a 52 week low of $59.19 and a 52 week high of $86.66. The stock has a 50-day moving average of $70.79 and a 200-day moving average of $71.47. The company has a market cap of $7.437 billion and a price-to-earnings ratio of 26.98.

Randgold Resources (NASDAQ:GOLD) last released its earnings data on Monday, February 3rd. The company reported $0.87 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.73 by $0.14. During the same quarter last year, the company posted $1.32 earnings per share. On average, analysts predict that Randgold Resources will post $3.63 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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