Randgold Resources (NASDAQ:GOLD) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Randgold Resources is an international gold mining and exploration business. It has to date discovered the 7 Moz Morila deposit in southern Mali, the plus 5 Moz Yalea deposit in western Mali and the 3 Moz Tongon deposit in the Côte d’Ivoire. The Company successfully developed the Morila deposit into one of the world’s largest and highest-margin gold mines. In addition, Randgold Resources has a portfolio of prospective exploration projects across Africa in Mali, Côte d’Ivoire, Senegal, Burkina Faso, Ghana and Tanzania. “

GOLD has been the subject of several other reports. Citigroup raised Randgold Resources from a “neutral” rating to a “buy” rating in a report on Tuesday. BidaskClub cut Randgold Resources from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Royal Bank Of Canada raised Randgold Resources to a “sector perform” rating in a report on Monday. They noted that the move was a valuation call. HC Wainwright reissued a “buy” rating on shares of Randgold Resources in a report on Wednesday, November 22nd. Finally, UBS cut Randgold Resources from a “buy” rating to a “neutral” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $84.90.

Shares of Randgold Resources (NASDAQ GOLD) traded up $0.27 during midday trading on Tuesday, reaching $91.55. The company’s stock had a trading volume of 382,379 shares, compared to its average volume of 664,237. The firm has a market cap of $8,627.98, a PE ratio of 31.09 and a beta of -0.11. Randgold Resources has a 52-week low of $67.54 and a 52-week high of $108.29.

Institutional investors have recently bought and sold shares of the company. Howe & Rusling Inc. acquired a new position in shares of Randgold Resources during the 3rd quarter worth $137,000. Federated Investors Inc. PA acquired a new position in shares of Randgold Resources during the 2nd quarter worth $7,745,000. Ninepoint Partners LP acquired a new position in shares of Randgold Resources during the 3rd quarter worth $10,645,000. Fox Run Management L.L.C. acquired a new position in shares of Randgold Resources during the 3rd quarter worth $420,000. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Randgold Resources during the 3rd quarter worth $1,928,000. 35.18% of the stock is owned by institutional investors.

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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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