Randgold Resources Limited (NASDAQ:GOLD) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

GOLD has been the topic of a number of other reports. Scotiabank decreased their price target on Randgold Resources Limited to $136.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 30th. J P Morgan Chase & Co restated an “overweight” rating and set a $107.00 price target (up from $105.00) on shares of Randgold Resources Limited in a research note on Monday, June 5th. CIBC upgraded Randgold Resources Limited from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, May 5th. HSBC Holdings plc restated a “hold” rating on shares of Randgold Resources Limited in a research note on Friday, July 7th. Finally, Zacks Investment Research upgraded Randgold Resources Limited from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $101.25.

Shares of Randgold Resources Limited (NASDAQ:GOLD) traded down 0.06% during midday trading on Thursday, reaching $90.53. The company’s stock had a trading volume of 585,401 shares. The company has a market capitalization of $8.51 billion, a price-to-earnings ratio of 32.67 and a beta of 0.07. Randgold Resources Limited has a one year low of $67.54 and a one year high of $120.72.

Randgold Resources Limited (NASDAQ:GOLD) last released its quarterly earnings results on Thursday, May 4th. The basic materials company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. Randgold Resources Limited had a return on equity of 7.10% and a net margin of 21.04%. The company had revenue of $316.71 million for the quarter. Equities research analysts expect that Randgold Resources Limited will post $3.10 EPS for the current year.

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A number of hedge funds have recently bought and sold shares of GOLD. BlackRock Inc. boosted its stake 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 worth $755,966,000 after buying an additional 8,221,311 shares in the last quarter. Van ECK Associates Corp boosted its stake 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 worth $607,398,000 after buying an additional 354,789 shares in the last quarter. Credit Agricole S A boosted its stake 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 worth $25,388,000 after buying an additional 181,900 shares in the last quarter. Karp Capital Management Corp acquired a new stake in Randgold Resources Limited during the first quarter worth $13,149,000. Finally, Barings LLC boosted its stake in Randgold Resources Limited by 1,219.8% in the first quarter. Barings LLC now owns 98,282 shares of the basic materials company’s stock worth $8,578,000 after buying an additional 90,835 shares in the last quarter. Institutional investors own 36.36% 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).

Analyst Recommendations for Randgold Resources Limited (NASDAQ:GOLD)

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