Randgold Resources Ltd. (NASDAQ:GOLD) fell 2.9% during trading on Monday . The stock traded as low as $104.46 and last traded at $105.43, with a volume of 557,519 shares. The stock had previously closed at $108.60.

Several research firms have commented on GOLD. HSBC reissued a “buy” rating on shares of Randgold Resources in a report on Thursday, July 7th. Zacks Investment Research raised Randgold Resources from a “hold” rating to a “strong-buy” rating and set a $136.00 target price on the stock in a report on Tuesday, July 12th. Deutsche Bank AG reissued a “hold” rating on shares of Randgold Resources in a report on Monday, July 11th. Jefferies Group raised Randgold Resources from a “hold” rating to a “buy” rating in a report on Thursday, July 14th. Finally, Scotiabank downgraded Randgold Resources from a “sector perform” rating to an “underperform” rating in a report on Wednesday, July 13th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $2,968.67.

The stock has a market capitalization of $9.91 billion and a P/E ratio of 52.36. The company’s 50 day moving average price is $115.40 and its 200-day moving average price is $97.14.

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 filing with the Securities and Exchange Commission. The institutional investor 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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