Randgold Resources Limited (NASDAQ:GOLD) has earned a consensus recommendation of “Hold” from the eighteen research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $101.25.

Several equities research analysts have recently commented on the stock. BidaskClub raised shares of Randgold Resources Limited from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. HSBC Holdings plc reaffirmed a “hold” rating on shares of Randgold Resources Limited in a research report on Friday, July 7th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $107.00 price target (up previously from $105.00) on shares of Randgold Resources Limited in a research report on Monday, June 5th. CIBC raised shares of Randgold Resources Limited from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, May 5th. Finally, Zacks Investment Research raised shares of Randgold Resources Limited from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Wednesday, July 5th.

A number of large investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale raised its stake in shares of Randgold Resources Limited by 10.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,331 shares of the basic materials company’s stock worth $115,000 after buying an additional 131 shares during the period. Smith Affiliated Capital Corp. raised its stake in shares of Randgold Resources Limited by 4.0% in the second quarter. Smith Affiliated Capital Corp. now owns 1,310 shares of the basic materials company’s stock worth $116,000 after buying an additional 50 shares during the period. Creative Planning raised its stake in shares of Randgold Resources Limited by 41.3% in the second quarter. Creative Planning now owns 1,540 shares of the basic materials company’s stock worth $136,000 after buying an additional 450 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Randgold Resources Limited by 428.5% in the first quarter. Quadrant Capital Group LLC now owns 1,744 shares of the basic materials company’s stock worth $146,000 after buying an additional 1,414 shares during the period. Finally, Pennsylvania Trust Co bought a new stake in shares of Randgold Resources Limited during the second quarter worth about $212,000. 36.41% of the stock is owned by institutional investors and hedge funds.

Randgold Resources Limited (NASDAQ GOLD) traded down 0.29% during trading on Tuesday, hitting $93.43. 467,749 shares of the stock traded hands. The company has a market cap of $8.79 billion, a P/E ratio of 33.72 and a beta of 0.08. The firm has a 50-day moving average price of $90.03 and a 200 day moving average price of $90.08. Randgold Resources Limited has a 52-week low of $67.54 and a 52-week high of $113.25.

Randgold Resources Limited (NASDAQ:GOLD) last released its quarterly earnings results on Friday, August 4th. The basic materials company reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.14. Randgold Resources Limited had a net margin of 22.75% and a return on equity of 7.95%. The firm had revenue of $336.79 million during the quarter. On average, equities analysts expect that Randgold Resources Limited will post $3.21 EPS for the current year.

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Randgold Resources Limited Company Profile

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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