Randgold Resources (NASDAQ:GOLD)‘s stock had its “buy” rating reiterated by analysts at HC Wainwright in a report released on Wednesday.

Other research analysts have also issued reports about the stock. Zacks Investment Research raised 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 note on Wednesday, September 20th. Investec raised shares of Randgold Resources from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Citigroup raised shares of Randgold Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 5th. Desjardins reaffirmed a “hold” rating on shares of Randgold Resources in a research note on Monday, December 11th. Finally, BidaskClub raised shares of Randgold Resources from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Randgold Resources has an average rating of “Hold” and a consensus target price of $84.90.

Randgold Resources (GOLD) traded down $0.06 during trading on Wednesday, hitting $100.39. 413,000 shares of the company’s stock were exchanged, compared to its average volume of 396,850. Randgold Resources has a 12-month low of $80.34 and a 12-month high of $108.29. The company has a market capitalization of $9,360.00, a price-to-earnings ratio of 34.03 and a beta of -0.12.

Randgold Resources (NASDAQ:GOLD) last released its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $0.51 earnings per share for the quarter. Randgold Resources had a net margin of 21.49% and a return on equity of 7.32%. analysts predict that Randgold Resources will post 2.98 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its position in shares of Randgold Resources by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 14,915 shares of the basic materials company’s stock valued at $1,319,000 after purchasing an additional 56 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Randgold Resources by 11.2% during the second quarter. Quadrant Capital Group LLC now owns 1,939 shares of the basic materials company’s stock valued at $162,000 after purchasing an additional 195 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Randgold Resources by 9.7% during the second quarter. Advisor Group Inc. now owns 2,815 shares of the basic materials company’s stock valued at $248,000 after purchasing an additional 250 shares in the last quarter. Acrospire Investment Management LLC lifted its position in shares of Randgold Resources by 40.0% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the basic materials company’s stock valued at $124,000 after purchasing an additional 400 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Randgold Resources by 8.1% during the second quarter. Ameriprise Financial Inc. now owns 5,674 shares of the basic materials company’s stock valued at $502,000 after purchasing an additional 424 shares in the last quarter. 35.11% of the stock is currently 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).

Analyst Recommendations for Randgold Resources (NASDAQ:GOLD)

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