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Randgold Resources Ltd. (NASDAQ:GOLD) was upgraded by equities research analysts at HSBC from an “underweight” rating to a “neutral” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.

Randgold Resources Ltd. (NASDAQ:GOLD) opened at 82.36 on Thursday. 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 $85.5 and its 200-day moving average is $80.58. The company has a market cap of $7.630 billion and a price-to-earnings ratio of 26.36.

Randgold Resources Ltd. (NASDAQ:GOLD) last released its earnings data on Thursday, August 7th. The company reported $0.56 earnings per share for the quarter, missing the analysts’ 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 last 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.

Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Randgold Resources Ltd. from a “neutral” rating to an “underperform” rating in a research note on Monday, August 11th. 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. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $91.40.

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

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