Randgold Resources Ltd. (NASDAQ:GOLD) traded up 1.4% on Wednesday . The company traded as high as $121.07 and last traded at $119.84, with a volume of 731,755 shares. The stock had previously closed at $118.15.

A number of equities research analysts have weighed in on the stock. Scotiabank downgraded shares of Randgold Resources from a “sector perform” rating to an “underperform” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Randgold Resources from a “hold” rating to a “strong-buy” rating and set a $136.00 price target on the stock in a research note on Tuesday. Deutsche Bank AG reiterated a “hold” rating on shares of Randgold Resources in a research note on Monday. HSBC reiterated a “buy” rating on shares of Randgold Resources in a research note on Thursday, July 7th. Finally, Macquarie upgraded shares of Randgold Resources from a “neutral” rating to an “outperform” rating in a research note on Friday, July 1st. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $3,916.58.

The firm has a 50 day moving average of $99.67 and a 200 day moving average of $87.91. The stock has a market capitalization of $11.25 billion and a PE ratio of 58.09.

Randgold Resources (NASDAQ:GOLD) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. Equities analysts anticipate that Randgold Resources Ltd. will post $3.03 earnings per share for the current fiscal year.

Several hedge funds and institutional investors recently modified their holdings of the company. Gamco Investors INC. ET AL boosted 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 worth $1,801,000 after buying an additional 200 shares during the last quarter. Bank of Montreal Can boosted 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 worth $2,561,000 after buying an additional 10,869 shares during the last quarter. Finally, I.G. Investment Management LTD. boosted 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.