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Randgold Resources Ltd. (NASDAQ:GOLD) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Monday. They currently have a $82.80 price target on the stock. Zacks‘s target price would suggest a potential downside of 2.36% from the company’s current price.

A number of other firms have also recently commented on GOLD. Analysts at Westhouse Securities reiterated an “add” rating on shares of Randgold Resources Ltd. in a research note on Friday. Separately, analysts at RBC Capital reiterated a “sector performer” rating on shares of Randgold Resources Ltd. in a research note on Friday. Finally, analysts at Investec reiterated a “hold” rating on shares of Randgold Resources Ltd. in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $91.40.

Randgold Resources Ltd. (NASDAQ:GOLD) traded up 0.90% on Monday, hitting $85.56. The stock had a trading volume of 290,755 shares. Randgold Resources Ltd. has a one year low of $59.19 and a one year high of $89.89. The stock has a 50-day moving average of $85.82 and a 200-day moving average of $79.23. The company has a market cap of $7.926 billion and a price-to-earnings ratio of 27.35.

Randgold Resources Ltd. (NASDAQ:GOLD) last released its earnings data on Thursday, August 7th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.50 earnings per share. On average, analysts predict that Randgold Resources Ltd. will post $3.31 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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