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

A number of equities analysts have recently commented on the stock. HSBC reiterated a “buy” rating on shares of Randgold Resources in a report on Thursday, July 7th. Deutsche Bank AG reiterated a “hold” rating on shares of Randgold Resources in a report on Monday, July 11th. 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 report on Tuesday, July 12th. Jefferies Group upgraded shares of Randgold Resources from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Scotiabank lowered shares of Randgold Resources from a “sector perform” rating to an “underperform” rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Randgold Resources has an average rating of “Hold” and a consensus price target of $3,916.58.

The firm has a market capitalization of $10.95 billion and a P/E ratio of 56.54. The company has a 50 day moving average of $102.60 and a 200-day moving average of $88.77.

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

Several large investors have made changes to their positions in GOLD. Gamco Investors INC. ET AL boosted 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 worth $1,801,000 after buying an additional 200 shares during the period. Bank of Montreal Can boosted 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 worth $2,561,000 after buying an additional 10,869 shares during the period. Finally, I.G. Investment Management LTD. boosted 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 worth $20,801,000 after buying an additional 26,100 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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