Randgold Resources (GOLD) Stock Rating Upgraded by Citigroup
Randgold Resources (NASDAQ:GOLD) was upgraded by equities research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday.
Other research analysts have also recently issued reports about the company. HC Wainwright reaffirmed a “buy” rating on shares of Randgold Resources in a research report on Wednesday, November 22nd. Zacks Investment Research raised Randgold Resources from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Wednesday, September 20th. Investec raised Randgold Resources from a “hold” rating to a “buy” rating in a research report on Friday, November 3rd. UBS cut Randgold Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, November 9th. Finally, Royal Bank Of Canada raised Randgold Resources to a “sector perform” rating in a research report on Monday. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $84.90.
Shares of Randgold Resources (NASDAQ GOLD) traded down $0.44 during trading on Tuesday, hitting $91.28. The company’s stock had a trading volume of 347,300 shares, compared to its average volume of 665,447. Randgold Resources has a 12 month low of $67.54 and a 12 month high of $108.29. The company has a market capitalization of $8,627.98, a P/E ratio of 31.09 and a beta of -0.11.
About Randgold Resources
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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