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Randgold Resources Ltd. (NASDAQ:GOLD) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 1,180,010 shares, a drop of 20.1% from the April 15th total of 1,477,163 shares, American Banking & Market News reports. Based on an average daily trading volume, of 527,553 shares, the short-interest ratio is presently 2.2 days. Approximately 0.0% of the company’s shares are short sold.

A number of research firms have recently commented on GOLD. Analysts at Zacks downgraded shares of Randgold Resources Ltd. from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 14th. They now have a $84.70 price target on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Randgold Resources Ltd. from an “overweight” rating to a “neutral” rating in a research note on Wednesday, May 14th. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Randgold Resources Ltd. in a research note on Thursday, May 8th. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $92.35.

Shares of Randgold Resources Ltd. (NASDAQ:GOLD) opened at 75.42 on Wednesday. Randgold Resources Ltd. has a 1-year low of $59.19 and a 1-year high of $85.48. The stock has a 50-day moving average of $78.08 and a 200-day moving average of $73.37. The company has a market cap of $6.977 billion and a P/E ratio of 25.18.

Randgold Resources Ltd. (NASDAQ:GOLD) last released its earnings data on Thursday, May 8th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.77 by $0.02. Analysts expect that Randgold Resources Ltd. will post $3.37 EPS 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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