Randgold Resources Ltd. (NASDAQ:GOLD)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $117.03, but opened at $117.61. Randgold Resources shares last traded at $121.66, with a volume of 1,747,997 shares trading hands.

GOLD has been the subject of several research analyst reports. Zacks Investment Research upgraded Randgold Resources from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a research report on Tuesday, March 22nd. Bank of America Corp. upgraded Randgold Resources from a “neutral” rating to a “buy” rating in a research report on Thursday, May 5th. Goldman Sachs Group Inc. upgraded Randgold Resources from a “neutral” rating to a “buy” rating in a research report on Monday, June 27th. HSBC restated a “buy” rating on shares of Randgold Resources in a research report on Thursday. Finally, Deutsche Bank AG restated a “hold” rating on shares of Randgold Resources in a research report on Saturday, June 25th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $3,914.42.

The stock’s 50-day moving average price is $95.86 and its 200-day moving average price is $86.17. The firm has a market capitalization of $11.31 billion and a PE ratio of 58.41.

Randgold Resources (NASDAQ:GOLD) last issued its earnings results on Wednesday, May 4th. The company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.02. Equities analysts predict that Randgold Resources Ltd. will post $2.96 EPS for the current year.

Other large investors have modified their holdings of the company. Gamco Investors INC. ET AL increased its stake in shares of Randgold Resources by 0.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 29,080 shares of the company’s stock worth $1,801,000 after buying an additional 200 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Randgold Resources by 35.7% in the fourth quarter. Bank of Montreal Can now owns 41,348 shares of the company’s stock worth $2,561,000 after buying an additional 10,869 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of Randgold Resources by 15.2% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 88,488 shares of the company’s stock worth $5,480,000 after buying an additional 11,688 shares in the last quarter. Finally, I.G. Investment Management LTD. increased its stake in shares of Randgold Resources by 8.4% in the fourth quarter. I.G. Investment Management LTD. now owns 335,884 shares of the company’s stock worth $20,801,000 after buying an additional 26,100 shares in the last quarter.

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.

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