Randgold Resources Ltd. (NASDAQ:GOLD) traded up 5.9% during mid-day trading on Wednesday . The company traded as high as $90.77 and last traded at $90.11. 1,086,690 shares traded hands during trading, an increase of 54% from the average session volume of 704,280 shares. The stock had previously closed at $85.11.

A number of equities research analysts have issued reports on the company. HC Wainwright restated a “buy” rating on shares of Randgold Resources in a research report on Wednesday, November 22nd. BidaskClub downgraded Randgold Resources from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. Scotiabank set a $101.00 price objective on Randgold Resources and gave the company a “hold” rating in a research report on Monday, February 5th. Numis Securities downgraded Randgold Resources from a “buy” rating to an “add” rating in a report on Tuesday, February 6th. Finally, HSBC upgraded Randgold Resources from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Randgold Resources currently has a consensus rating of “Hold” and a consensus price target of $75.70.

The stock has a market cap of $8,054.16, a price-to-earnings ratio of 30.97 and a beta of -0.06.

Randgold Resources (NASDAQ:GOLD) last issued its quarterly earnings results on Monday, February 5th. The basic materials company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.05). Randgold Resources had a return on equity of 7.13% and a net margin of 21.72%. The business had revenue of $328.62 million during the quarter. equities research analysts predict that Randgold Resources Ltd. will post 3.77 earnings per share for the current year.

The firm also recently declared a None dividend, which will be paid on Friday, May 18th. Stockholders of record on Friday, March 23rd will be issued a $1.98 dividend. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a dividend yield of 0.0233518103549947%. Randgold Resources’s payout ratio is 33.68%.

Several hedge funds and other institutional investors have recently modified their holdings of GOLD. The Manufacturers Life Insurance Company grew its stake in Randgold Resources by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 14,915 shares of the basic materials company’s stock worth $1,319,000 after purchasing an additional 56 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Randgold Resources by 8.1% in the second quarter. Ameriprise Financial Inc. now owns 5,674 shares of the basic materials company’s stock worth $502,000 after purchasing an additional 424 shares in the last quarter. Saturna Capital CORP grew its stake in Randgold Resources by 7.3% in the fourth quarter. Saturna Capital CORP now owns 9,081 shares of the basic materials company’s stock worth $898,000 after purchasing an additional 620 shares in the last quarter. Advisory Services Network LLC grew its stake in Randgold Resources by 60.4% in the fourth quarter. Advisory Services Network LLC now owns 1,700 shares of the basic materials company’s stock worth $168,000 after purchasing an additional 640 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Randgold Resources by 24.6% in the fourth quarter. SG Americas Securities LLC now owns 3,385 shares of the basic materials company’s stock worth $335,000 after purchasing an additional 668 shares in the last quarter. Hedge funds and other institutional investors own 35.37% of the company’s stock.

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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).

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