Randgold Resources Ltd. (NASDAQ:GOLD) shares gapped up before the market opened on Tuesday . The stock had previously closed at $118.62, but opened at $118.90. Randgold Resources shares last traded at $119.72, with a volume of 446,471 shares changing hands.

A number of brokerages have weighed in on GOLD. HSBC reaffirmed a “buy” rating on shares of Randgold Resources in a research report on Thursday, July 7th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Randgold Resources in a research report on Monday, July 11th. 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 report on Tuesday, July 12th. Jefferies Group raised shares of Randgold Resources from a “hold” rating to a “buy” rating in a research report on Thursday, July 14th. Finally, Scotiabank cut shares of Randgold Resources from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, July 13th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $3,890.82.

The firm has a market capitalization of $11.21 billion and a PE ratio of 57.86. The firm’s 50 day moving average is $111.12 and its 200-day moving average is $93.66.

Randgold Resources (NASDAQ:GOLD) last issued its earnings results on Wednesday, May 4th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. Equities research analysts forecast that Randgold Resources Ltd. will post $3.11 EPS for the current year.

A hedge fund recently raised its stake in Randgold Resources stock. I.G. Investment Management LTD. boosted its stake in Randgold Resources Ltd. (NASDAQ:GOLD) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 335,884 shares of the company’s stock after buying an additional 26,100 shares during the period. I.G. Investment Management LTD. owned 0.36% of Randgold Resources worth $20,801,000 as of its most recent SEC filing.

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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