Randgold Resources Ltd. (NASDAQ:GOLD) was down 2% during trading on Friday . The stock traded as low as $115.64 and last traded at $116.58, with a volume of 725,896 shares trading hands. The stock had previously closed at $118.90.

Several equities research analysts recently commented on GOLD shares. Zacks Investment Research cut shares of Randgold Resources from a “buy” rating to a “hold” rating in a research report on Friday, March 18th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Randgold Resources in a research report on Friday, April 1st. Citigroup Inc. cut shares of Randgold Resources from a “buy” rating to a “neutral” rating in a research report on Monday, April 18th. Finally, Bank of America Corp. raised shares of Randgold Resources from a “neutral” rating to a “buy” rating in a research report on Thursday, May 5th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $3,916.58.

The firm has a market cap of $10.95 billion and a PE ratio of 56.54. The stock has a 50-day moving average price of $101.68 and a 200 day moving average price of $88.37.

Randgold Resources (NASDAQ:GOLD) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Equities research analysts expect that Randgold Resources Ltd. will post $3.10 earnings per share for the current year.

Several hedge funds and institutional investors have modified their holdings of GOLD. 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 in 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 in 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 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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