Randgold Resources Ltd. (NASDAQ:GOLD) gapped up before the market opened on Wednesday . The stock had previously closed at $110.37, but opened at $110.49. Randgold Resources shares last traded at $111.38, with a volume of 470,326 shares traded.

GOLD has been the subject of a number of analyst reports. Deutsche Bank AG restated a “hold” rating on shares of Randgold Resources in a research note on Monday, May 9th. Macquarie upgraded Randgold Resources from a “neutral” rating to an “outperform” rating in a research note on Friday, July 1st. Zacks Investment Research upgraded Randgold Resources from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Tuesday, April 12th. HSBC reiterated a “buy” rating on shares of Randgold Resources in a research note on Thursday, July 7th. Finally, Investec reiterated a “buy” rating on shares of Randgold Resources in a research note on Tuesday, July 19th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $3,653.83.

The company has a market cap of $10.41 billion and a PE ratio of 54.97. The company has a 50 day moving average of $114.12 and a 200-day moving average of $95.31.

An institutional investor recently raised its position in Randgold Resources stock. Bank of Montreal Can increased 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 firm 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 filing with the SEC.

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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