Randgold Resources Ltd. (GOLD) Shares Up 3.2%
Randgold Resources Ltd. (NASDAQ:GOLD) shares shot up 3.2% on Thursday . The stock traded as high as $97.04 and last traded at $96.66, with a volume of 783,153 shares. The stock had previously closed at $93.65.
Several research analysts recently commented on GOLD shares. Canaccord Genuity upgraded shares of Randgold Resources from a “hold” rating to a “buy” rating in a report on Thursday. Scotiabank lowered shares of Randgold Resources from a “sector perform” rating to an “underperform” rating in a report on Wednesday, July 13th. Bank of America Corp. upgraded shares of Randgold Resources from a “neutral” rating to a “buy” rating in a report on Thursday, May 5th. Citigroup Inc. lowered shares of Randgold Resources from a “neutral” rating to a “sell” rating in a report on Thursday, May 5th. Finally, Deutsche Bank AG restated a “hold” rating on shares of Randgold Resources in a report on Saturday, June 25th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned 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 price target of $2,203.00.
The firm has a 50 day moving average price of $110.73 and a 200-day moving average price of $98.28. The company has a market capitalization of $9.04 billion and a price-to-earnings ratio of 47.75.
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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