Randgold Resources Ltd. (NASDAQ:GOLD)’s share price traded down 3.7% on Monday . The stock traded as low as $110.73 and last traded at $111.61, with a volume of 1,114,267 shares traded. The stock had previously closed at $115.87.

Several equities analysts have recently weighed in on the stock. Deutsche Bank AG reissued a “hold” rating on shares of Randgold Resources in a research note on Monday, July 11th. Bank of America Corp. raised shares of Randgold Resources from a “neutral” rating to a “buy” rating in a research note on Thursday, May 5th. Zacks Investment Research raised 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, July 12th. Jefferies Group raised shares of Randgold Resources from a “hold” rating to a “buy” rating in a research note on Thursday, July 14th. Finally, Citigroup Inc. downgraded shares of Randgold Resources from a “neutral” rating to a “sell” rating in a research note on Thursday, May 5th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Randgold Resources currently has an average rating of “Hold” and an average price target of $3,890.82.

The firm has a market capitalization of $10.47 billion and a PE ratio of 54.06. The firm’s 50-day moving average price is $107.15 and its 200 day moving average price is $91.25.

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

A number of hedge funds and institutional investors have modified their holdings of the company. Bank of Montreal Can increased 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 valued at $2,561,000 after buying an additional 10,869 shares in the last quarter. I.G. Investment Management LTD. increased 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 valued at $20,801,000 after buying an additional 26,100 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased 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 valued at $1,801,000 after buying an additional 200 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.

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.