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Randgold Resources Ltd. (NASDAQ:GOLD)‘s stock had its “hold” rating reaffirmed by equities researchers at Investec in a research report issued on Friday.

Randgold Resources Ltd. (NASDAQ:GOLD) traded down 0.41% on Friday, hitting $84.80. 500,483 shares of the company’s stock traded hands. Randgold Resources Ltd. has a 1-year low of $59.19 and a 1-year high of $89.89. The stock has a 50-day moving average of $85.66 and a 200-day moving average of $79.19. The company has a market cap of $7.845 billion and a price-to-earnings ratio of 28.20.

Randgold Resources Ltd. (NASDAQ:GOLD) last released its earnings data on Thursday, August 7th. The company reported $0.56 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.79 by $0.23. The company had revenue of $294.90 million for the quarter, compared to the consensus estimate of $288.74 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. Analysts expect that Randgold Resources Ltd. will post $3.32 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Randgold Resources Ltd. in a research note on Friday. Separately, analysts at Scotiabank downgraded shares of Randgold Resources Ltd. from an “outperform” rating to a “sector perform” rating in a research note on Thursday. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Randgold Resources Ltd. in a research note on Wednesday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $100.00.

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

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