Shares of Randgold Resources Ltd. (NASDAQ:GOLD) were down 3.5% during mid-day trading on Thursday . The company traded as low as $118.58 and last traded at $121.00, with a volume of 1,443,294 shares traded. The stock had previously closed at $125.41.

A number of analysts recently issued reports on GOLD shares. Zacks Investment Research upgraded Randgold Resources from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research report on Tuesday, April 12th. BMO Capital Markets downgraded Randgold Resources from an “outperform” rating to a “market perform” rating in a research report on Monday, March 14th. Citigroup Inc. downgraded Randgold Resources from a “buy” rating to a “neutral” rating in a research report on Monday, April 18th. Deutsche Bank AG restated a “hold” rating on shares of Randgold Resources in a research report on Monday, May 9th. Finally, Goldman Sachs Group Inc. upgraded Randgold Resources from a “neutral” rating to a “buy” rating in a research report on Monday, June 27th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $3,914.42.

The stock’s 50-day moving average is $95.86 and its 200-day moving average is $86.17. The company has a market cap of $11.14 billion and a P/E ratio of 57.50.

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

Several institutional investors have made changes to their positions in the stock. I.G. Investment Management LTD. raised its position 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 valued at $20,801,000 after buying an additional 26,100 shares during the period. Commerzbank Aktiengesellschaft FI raised its position 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 valued at $5,480,000 after buying an additional 11,688 shares during the period. Bank of Montreal Can raised its position 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 valued at $2,561,000 after buying an additional 10,869 shares during the period. Finally, Gamco Investors INC. ET AL raised its position 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 valued at $1,801,000 after buying an additional 200 shares during the period.

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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