Shares of Randgold Resources Ltd. (NASDAQ:GOLD) have received a consensus recommendation of “Buy” from the nineteen research firms that are presently covering the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company.

A number of equities research analysts recently issued reports on GOLD shares. Canaccord Genuity raised Randgold Resources from a “hold” rating to a “buy” rating in a research report on Thursday, September 1st. Zacks Investment Research raised Randgold Resources from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research report on Wednesday, October 5th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Randgold Resources in a research report on Wednesday, September 7th. Berenberg Bank initiated coverage on Randgold Resources in a research report on Wednesday, September 7th. They set a “hold” rating on the stock. Finally, TheStreet lowered Randgold Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, October 11th.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Randgold Resources during the third quarter valued at about $4,648,000. LPL Financial LLC increased its stake in Randgold Resources by 7.0% in the first quarter. LPL Financial LLC now owns 15,242 shares of the company’s stock worth $1,372,000 after buying an additional 1,002 shares during the last quarter. Euclid Advisors LLC bought a new stake in Randgold Resources during the first quarter worth $4,808,000. JPMorgan Chase & Co. increased its stake in Randgold Resources by 16.5% in the second quarter. JPMorgan Chase & Co. now owns 332,045 shares of the company’s stock worth $37,200,000 after buying an additional 47,077 shares during the last quarter. Finally, Checchi Capital Advisers LLC increased its stake 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. Institutional investors and hedge funds own 38.78% of the company’s stock.

Shares of Randgold Resources (NASDAQ:GOLD) traded down 0.65% on Tuesday, reaching $73.81. The company had a trading volume of 595,985 shares. Randgold Resources has a 52-week low of $59.08 and a 52-week high of $126.55. The company’s 50-day moving average price is $81.87 and its 200-day moving average price is $97.27. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 36.52 and a beta of 0.28.

Randgold Resources (NASDAQ:GOLD) last announced its earnings results 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%. On average, analysts predict that Randgold Resources will post $2.92 earnings per share for the current year.

Randgold Resources Company Profile

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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