Randgold Resources Ltd. (NASDAQ:GOLD) fell 4.6% during 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. The stock had previously closed at $118.88.

GOLD has been the subject of a number of analyst reports. Citigroup Inc. downgraded Randgold Resources from a “neutral” rating to a “sell” rating in a report on Thursday, May 5th. Zacks Investment Research raised Randgold Resources from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Tuesday, April 12th. Deutsche Bank AG reissued a “hold” rating on shares of Randgold Resources in a report on Monday, July 11th. Bank of America Corp. raised Randgold Resources from a “neutral” rating to a “buy” rating in a report on Thursday, May 5th. Finally, Investec reissued a “buy” rating on shares of Randgold Resources in a report on Tuesday, July 19th. Three research 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’s stock. Randgold Resources presently has an average rating of “Hold” and an average price target of $3,890.82.

The company has a market capitalization of $10.24 billion and a P/E ratio of 52.87. The stock’s 50 day moving average is $112.81 and its 200 day moving average is $94.09.

Randgold Resources (NASDAQ:GOLD) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. On average, equities analysts anticipate that Randgold Resources Ltd. will post $3.12 earnings per share for the current year.

An institutional investor recently raised its position in Randgold Resources stock. Bank of Montreal Can boosted its stake in Randgold Resources Ltd. (NASDAQ:GOLD) by 35.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 41,348 shares of the company’s stock after buying an additional 10,869 shares during the period. Bank of Montreal Can’s holdings in Randgold Resources were worth $2,561,000 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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