Randgold Resources Ltd. (NASDAQ:GOLD) shares reached a new 52-week high on Wednesday . The stock traded as high as $126.39 and last traded at $125.77, with a volume of 1,464,290 shares traded. The stock had previously closed at $122.47.

Several research analysts have weighed in on the company. HSBC reiterated a “buy” rating on shares of Randgold Resources in a research report on Thursday. Macquarie upgraded Randgold Resources from a “neutral” rating to an “outperform” rating in a research report on Friday, July 1st. Goldman Sachs Group Inc. upgraded Randgold Resources from a “neutral” rating to a “buy” rating in a research report on Monday, June 27th. Deutsche Bank AG reiterated a “hold” rating on shares of Randgold Resources in a research report on Saturday, June 25th. Finally, Bank of America Corp. upgraded Randgold Resources from a “neutral” rating to a “buy” rating in a research report on Thursday, May 5th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. Randgold Resources currently has an average rating of “Hold” and a consensus target price of $3,914.42.

The company’s 50 day moving average price is $96.78 and its 200 day moving average price is $86.41. The stock has a market cap of $11.14 billion and a PE ratio of 57.50.

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

Several hedge funds recently added to or reduced their stakes in GOLD. Gamco Investors INC. ET AL raised its stake in 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 during the last quarter. Bank of Montreal Can raised its stake in 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 during the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in 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 during the last quarter. Finally, I.G. Investment Management LTD. raised its stake in 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 during 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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