Randgold Resources Limited (NASDAQ:GOLD) was upgraded by Investec from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Several other research analysts have also issued reports on GOLD. BidaskClub lowered shares of Randgold Resources Limited from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Randgold Resources Limited from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research report on Wednesday, September 20th. Finally, HSBC Holdings plc reiterated a “hold” rating on shares of Randgold Resources Limited in a research report on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $105.00.

Randgold Resources Limited (NASDAQ:GOLD) last announced its earnings results on Friday, August 4th. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.14. Randgold Resources Limited had a net margin of 21.49% and a return on equity of 7.37%. The company had revenue of $336.79 million during the quarter.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its position in Randgold Resources Limited by 7.8% during the second quarter. BlackRock Inc. now owns 9,333,067 shares of the basic materials company’s stock valued at $825,605,000 after buying an additional 671,684 shares during the period. Van ECK Associates Corp raised its stake in shares of Randgold Resources Limited by 5.4% during 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 acquiring an additional 354,789 shares during the last quarter. FMR LLC raised its stake in shares of Randgold Resources Limited by 2.4% during the first quarter. FMR LLC now owns 3,631,499 shares of the basic materials company’s stock valued at $316,957,000 after acquiring an additional 86,247 shares during the last quarter. Vontobel Asset Management raised its stake in shares of Randgold Resources Limited by 0.9% during the fourth quarter. Vontobel Asset Management now owns 3,221,934 shares of the basic materials company’s stock valued at $198,705,000 after acquiring an additional 28,271 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake in shares of Randgold Resources Limited by 80.6% during the fourth quarter. First Eagle Investment Management LLC now owns 1,430,280 shares of the basic materials company’s stock valued at $88,577,000 after acquiring an additional 638,363 shares during the last quarter. Institutional investors and hedge funds own 35.65% of the company’s stock.

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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