Randgold Resources Ltd. (NASDAQ:GOLD) was downgraded by investment analysts at TheStreet from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Several other equities analysts also recently weighed in on GOLD. HSBC reissued a “buy” rating on shares of Randgold Resources in a research report on Thursday, July 7th. Zacks Investment Research raised Randgold Resources from a “hold” rating to a “strong-buy” rating and set a $136.00 target price on the stock in a research report on Tuesday, July 12th. Deutsche Bank AG reissued a “hold” rating on shares of Randgold Resources in a research report on Monday, July 11th. Jefferies Group raised Randgold Resources from a “hold” rating to a “buy” rating in a research report on Thursday, July 14th. Finally, Scotiabank downgraded Randgold Resources from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, July 13th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. Randgold Resources presently has a consensus rating of “Hold” and a consensus price target of $101.00.

Analyst Recommendations for Randgold Resources (NASDAQ:GOLD)

Randgold Resources (NASDAQ:GOLD) opened at 84.70 on Tuesday. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 41.91 and a beta of 0.39. The firm’s 50-day moving average price is $97.11 and its 200 day moving average price is $99.63. Randgold Resources has a 12 month low of $58.77 and a 12 month high of $126.55.

Several institutional investors have recently bought and sold shares of the company. Checchi Capital Advisers LLC increased its position in Randgold Resources by 4.7% in the second quarter. Checchi Capital Advisers LLC now owns 1,004 shares of the company’s stock worth $112,000 after buying an additional 45 shares during the last quarter. Camarda Financial Advisors LLC purchased a new position in Randgold Resources during the second quarter worth about $126,000. Seven Eight Capital LLC increased its position in Randgold Resources by 500.0% in the second quarter. Seven Eight Capital LLC now owns 1,200 shares of the company’s stock worth $134,000 after buying an additional 1,000 shares during the last quarter. Thompson Davis & CO. Inc. increased its position in Randgold Resources by 512.5% in the second quarter. Thompson Davis & CO. Inc. now owns 1,225 shares of the company’s stock worth $137,000 after buying an additional 1,025 shares during the last quarter. Finally, Cypress Wealth Advisors LLC purchased a new position in Randgold Resources during the first quarter worth about $204,000. 42.81% of the stock is currently owned by institutional investors and hedge funds.

About Randgold Resources

Randgold Resources Limited is engaged in the 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 mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company holds Morila Limited, which holds interests in the Morila mine in Mali.

5 Day Chart for NASDAQ:GOLD

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