Randgold Resources Limited (NASDAQ:GOLD) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

Several other equities research analysts have also weighed in on GOLD. Royal Bank Of Canada lowered shares of Randgold Resources Limited from a “sector perform” rating to an “underperform” rating and set a $59.00 price objective on the stock. in a research note on Wednesday, March 8th. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) lowered shares of Randgold Resources Limited to a “hold” rating in a research note on Saturday, March 11th. Deutsche Bank AG lowered shares of Randgold Resources Limited from a “buy” rating to a “hold” rating in a research note on Friday, March 17th. Scotiabank dropped their price objective on shares of Randgold Resources Limited to $136.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 30th. Finally, CIBC upgraded shares of Randgold Resources Limited from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, May 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $102.00.

Analyst Recommendations for Randgold Resources Limited (NASDAQ:GOLD)

Shares of Randgold Resources Limited (GOLD) traded down 0.64% during trading on Monday, hitting $90.36. The company’s stock had a trading volume of 335,034 shares. The firm’s 50 day moving average price is $92.67 and its 200-day moving average price is $86.61. Randgold Resources Limited has a 52 week low of $67.54 and a 52 week high of $126.55. The company has a market cap of $8.50 billion, a PE ratio of 32.61 and a beta of 0.14.

Randgold Resources Limited (NASDAQ:GOLD) last released its quarterly earnings data on Thursday, May 4th. The basic materials company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.02. The firm had revenue of $316.71 million for the quarter. Randgold Resources Limited had a net margin of 21.04% and a return on equity of 7.10%. On average, analysts predict that Randgold Resources Limited will post $3.40 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of GOLD. BlackRock Inc. boosted its position in Randgold Resources Limited by 1,868.2% in the first quarter. BlackRock Inc. now owns 8,661,383 shares of the basic materials company’s stock valued at $755,966,000 after buying an additional 8,221,311 shares during the period. Paulson & CO. Inc. purchased a new position in Randgold Resources Limited during the fourth quarter valued at approximately $38,170,000. Van ECK Associates Corp boosted its position in Randgold Resources Limited by 5.4% in the first quarter. Van ECK Associates Corp now owns 6,959,189 shares of the basic materials company’s stock valued at $607,398,000 after buying an additional 354,789 shares during the period. Renaissance Technologies LLC boosted its position in Randgold Resources Limited by 601.6% in the fourth quarter. Renaissance Technologies LLC now owns 410,455 shares of the basic materials company’s stock valued at $31,334,000 after buying an additional 351,955 shares during the period. Finally, Credit Agricole S A boosted its position in Randgold Resources Limited by 166.9% in the first quarter. Credit Agricole S A now owns 290,885 shares of the basic materials company’s stock valued at $25,388,000 after buying an additional 181,900 shares during the period. Hedge funds and other institutional investors own 36.52% of the company’s stock.

About Randgold Resources Limited

Randgold Resources Limited is engaged in gold mining, exploration and related activities. The Company’s activities are focused on West and Central Africa. The Company operates through the gold mining segment. The Company operates various mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company is exploring in African countries, such as Mali, Senegal, Cote d’Ivoire and the Democratic Republic of Congo (DRC).

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