Randgold Resources Ltd. (NASDAQ:GOLD) traded up 1.4% during mid-day trading 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 issued reports on the stock. Citigroup Inc. downgraded shares of Randgold Resources from a “neutral” rating to a “sell” rating in a research note on Thursday, May 5th. Zacks Investment Research upgraded shares of Randgold Resources from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Tuesday, April 12th. Deutsche Bank AG reiterated a “hold” rating on shares of Randgold Resources in a research note on Monday. Bank of America Corp. upgraded shares of Randgold Resources from a “neutral” rating to a “buy” rating in a research note on Thursday, May 5th. Finally, Scotiabank downgraded shares of Randgold Resources from a “sector perform” rating to an “underperform” rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $3,916.58.

The firm’s 50 day moving average price is $101.69 and its 200-day moving average price is $88.37. The stock has a market capitalization of $10.93 billion and a price-to-earnings ratio of 56.4631.

Randgold Resources (NASDAQ:GOLD) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.02. On average, analysts forecast that Randgold Resources Ltd. will post $3.10 earnings per share for the current fiscal year.

Other hedge funds recently made changes to their positions in 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 valued at $1,801,000 after buying an additional 200 shares during 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 valued at $2,561,000 after buying an additional 10,869 shares during 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 valued at $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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