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Randgold Resources Ltd. (NASDAQ:GOLD) was downgraded by analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, reports.

A number of other firms have also recently commented on GOLD. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Randgold Resources Ltd. in a research note on Tuesday. Separately, analysts at HSBC upgraded shares of Randgold Resources Ltd. from an “underweight” rating to a “neutral” rating in a research note on Thursday, August 28th. Finally, 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. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $91.40.

Randgold Resources Ltd. (NASDAQ:GOLD) opened at 81.96 on Wednesday. Randgold Resources Ltd. has a 52-week low of $59.19 and a 52-week high of $89.89. The stock has a 50-day moving average of $85.10 and a 200-day moving average of $80.76. The company has a market cap of $7.593 billion and a price-to-earnings ratio of 27.15.

Randgold Resources Ltd. (NASDAQ:GOLD) last announced its earnings results 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.

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

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