J P Morgan Chase & Co downgraded shares of Randgold Resources (NASDAQ:GOLD) from an overweight rating to a neutral rating in a report issued on Thursday, The Fly reports.

GOLD has been the topic of several other reports. Desjardins restated a hold rating on shares of Randgold Resources in a research report on Monday, December 11th. Zacks Investment Research upgraded Randgold Resources from a strong sell rating to a hold rating in a research report on Wednesday, October 18th. Citigroup upgraded Randgold Resources from a neutral rating to a buy rating in a research report on Tuesday, December 5th. Royal Bank of Canada upgraded Randgold Resources to a sector perform rating in a research report on Monday, December 4th. They noted that the move was a valuation call. Finally, HC Wainwright restated a buy rating on shares of Randgold Resources in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $84.90.

Randgold Resources (GOLD) traded up $0.24 during trading hours on Thursday, hitting $92.13. The stock had a trading volume of 366,194 shares, compared to its average volume of 439,827. Randgold Resources has a 1-year low of $68.36 and a 1-year high of $108.29. The company has a market cap of $8,666.58, a price-to-earnings ratio of 31.23 and a beta of -0.11.

A number of hedge funds have recently bought and sold shares of GOLD. Acrospire Investment Management LLC lifted its holdings in shares of Randgold Resources by 40.0% in 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. Howe & Rusling Inc. bought a new stake in shares of Randgold Resources in the third quarter valued at about $137,000. FNY Managed Accounts LLC bought a new stake in shares of Randgold Resources in the third quarter valued at about $152,000. Twin Tree Management LP bought a new stake in shares of Randgold Resources in the second quarter valued at about $160,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Randgold Resources by 11.2% in 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. Hedge funds and other institutional investors own 35.18% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://www.thecerbatgem.com/2017/12/17/j-p-morgan-chase-co-lowers-randgold-resources-gold-to-neutral.html.

Randgold Resources Company Profile

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).

The Fly

Analyst Recommendations for Randgold Resources (NASDAQ:GOLD)

Receive News & Stock Ratings for Randgold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Randgold Resources and related stocks with our FREE daily email newsletter.