Randgold Resources Ltd. (NASDAQ:GOLD) dropped 4.6% during mid-day trading on Thursday . The company traded as low as $112.20 and last traded at $113.42, with a volume of 1,666,299 shares changing hands. The stock had previously closed at $118.88.

Several research firms recently weighed in on GOLD. 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. Goldman Sachs Group Inc. upgraded shares of Randgold Resources from a “neutral” rating to a “buy” rating in a research note on Monday, June 27th. Citigroup Inc. lowered shares of Randgold Resources from a “buy” rating to a “neutral” rating in a research note on Monday, April 18th. Jefferies Group upgraded shares of Randgold Resources from a “hold” rating to a “buy” rating in a research note on Thursday, July 14th. Finally, Investec reiterated a “buy” rating on shares of Randgold Resources in a research note on Tuesday, July 19th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $3,890.82.

The stock’s 50-day moving average is $111.89 and its 200-day moving average is $93.84. The company has a market capitalization of $10.59 billion and a price-to-earnings ratio of 54.68.

Randgold Resources (NASDAQ:GOLD) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. On average, equities analysts anticipate that Randgold Resources Ltd. will post $3.11 EPS for the current fiscal year.

A hedge fund recently raised its stake in Randgold Resources stock. I.G. Investment Management LTD. raised its position in Randgold Resources Ltd. (NASDAQ:GOLD) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent 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.