Randgold Resources Ltd. (GOLD) Receives Average Rating of “Hold” from Brokerages

Randgold Resources Ltd. (NASDAQ:GOLD) has been given an average recommendation of “Hold” by the nineteen ratings firms that are covering the stock, Marketbeat Ratings reports. Twelve research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $72.75.

Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Randgold Resources from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research report on Wednesday, September 20th. BidaskClub upgraded shares of Randgold Resources from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. HC Wainwright reiterated a “buy” rating on shares of Randgold Resources in a research report on Wednesday, November 22nd. JPMorgan Chase & Co. downgraded shares of Randgold Resources from an “overweight” rating to a “neutral” rating in a research report on Thursday, December 14th. Finally, Desjardins reiterated a “hold” rating on shares of Randgold Resources in a research report on Monday, December 11th.

Several hedge funds have recently added to or reduced their stakes in GOLD. BlackRock Inc. raised its position in shares of Randgold Resources by 7.8% during the 2nd quarter. BlackRock Inc. now owns 9,333,067 shares of the basic materials company’s stock worth $825,605,000 after buying an additional 671,684 shares in the last quarter. Capital World Investors raised its position in shares of Randgold Resources by 102.9% during the 2nd quarter. Capital World Investors now owns 1,007,000 shares of the basic materials company’s stock worth $89,079,000 after buying an additional 510,800 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Randgold Resources by 218.0% during the 2nd quarter. Renaissance Technologies LLC now owns 326,600 shares of the basic materials company’s stock worth $28,891,000 after buying an additional 223,900 shares in the last quarter. Ninepoint Partners LP bought a new stake in shares of Randgold Resources during the 3rd quarter worth about $10,645,000. Finally, JPMorgan Chase & Co. raised its position in shares of Randgold Resources by 1,424.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 73,208 shares of the basic materials company’s stock worth $6,476,000 after buying an additional 68,407 shares in the last quarter. Institutional investors own 34.99% of the company’s stock.

Shares of Randgold Resources (GOLD) traded up $0.21 during trading hours on Friday, reaching $98.29. 276,182 shares of the company traded hands, compared to its average volume of 432,850. The company has a market cap of $9,220.00, a P/E ratio of 33.32 and a beta of -0.12. Randgold Resources has a 12-month low of $78.37 and a 12-month high of $108.29.

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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).

Analyst Recommendations for Randgold Resources (NASDAQ:GOLD)

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