Randgold Resources Ltd. (NASDAQ:GOLD)‘s stock had its “overweight” rating reaffirmed by research analysts at Barclays PLC in a research note issued to investors on Thursday.

A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Randgold Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 7th. Citigroup Inc. restated a “sell” rating on shares of Randgold Resources in a report on Thursday, August 18th. Morgan Stanley cut shares of Randgold Resources from an “equal weight” rating to an “underweight” rating in a report on Monday, July 25th. Jefferies Group upgraded shares of Randgold Resources from a “hold” rating to a “buy” rating in a report on Thursday, July 14th. Finally, Canaccord Genuity upgraded shares of Randgold Resources from a “hold” rating to a “buy” rating in a report on Thursday, September 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Randgold Resources currently has a consensus rating of “Hold” and a consensus target price of $101.00.

Analyst Recommendations for Randgold Resources (NASDAQ:GOLD)

Randgold Resources (NASDAQ:GOLD) opened at 73.67 on Thursday. The stock’s 50 day moving average is $0.00 and its 200 day moving average is $0.00. Randgold Resources has a 52 week low of $58.95 and a 52 week high of $126.55.

Randgold Resources (NASDAQ:GOLD) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.13 by $0.44. Randgold Resources had a net margin of 19.12% and a return on equity of 5.98%. Equities research analysts forecast that Randgold Resources will post $3.11 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. Bremer Trust National Association increased its position in shares of Randgold Resources by 0.8% in the third quarter. Bremer Trust National Association now owns 3,003 shares of the company’s stock worth $300,000 after buying an additional 24 shares during the last quarter. Checchi Capital Advisers LLC increased its position in shares of 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. Point View Wealth Management Inc. increased its position in shares of Randgold Resources by 5.3% in the third quarter. Point View Wealth Management Inc. now owns 2,090 shares of the company’s stock worth $209,000 after buying an additional 105 shares during the last quarter. Stifel Financial Corp increased its position in shares of Randgold Resources by 0.8% in the second quarter. Stifel Financial Corp now owns 13,108 shares of the company’s stock worth $1,469,000 after buying an additional 107 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Randgold Resources by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 20,734 shares of the company’s stock worth $2,323,000 after buying an additional 237 shares during the last quarter. Institutional investors and hedge funds own 40.73% of the company’s stock.

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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