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Shares of Randgold Resources Ltd. (NASDAQ:GOLD) were the target of a large decline in short interest in July. As of July 31st, there was short interest totalling 1,412,550 shares, a decline of 22.5% from the July 15th total of 1,822,638 shares, StockRatingsNetwork.com reports. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 443,559 shares, the short-interest ratio is currently 3.2 days.

GOLD has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Randgold Resources Ltd. from a “neutral” rating to an “underperform” rating in a research note on Monday. They now have a $82.80 price target on the stock. Separately, analysts at Westhouse Securities reiterated an “add” rating on shares of Randgold Resources Ltd. in a research note on Friday, August 8th. Finally, analysts at RBC Capital reiterated a “sector performer” rating on shares of Randgold Resources Ltd. in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $91.40.

Shares of Randgold Resources Ltd. (NASDAQ:GOLD) opened at 85.01 on Friday. Randgold Resources Ltd. has a 52-week low of $59.19 and a 52-week high of $89.89. The stock’s 50-day moving average is $86.18 and its 200-day moving average is $79.70. The company has a market cap of $7.875 billion and a P/E ratio of 27.49.

Randgold Resources Ltd. (NASDAQ:GOLD) last issued its quarterly 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. 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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