Shares of Randgold Resources Ltd. (NASDAQ:GOLD) dropped 3.5% during mid-day trading on Tuesday . The stock traded as low as $95.54 and last traded at $95.56, with a volume of 728,855 shares changing hands. The stock had previously closed at $99.04.

A number of equities analysts have weighed in on GOLD shares. Bank of America Corp. upgraded shares of Randgold Resources from a “neutral” rating to a “buy” rating in a research report on Thursday, May 5th. HSBC reiterated a “buy” rating on shares of Randgold Resources in a research report on Thursday, July 7th. Goldman Sachs Group Inc. upgraded shares of Randgold Resources from a “neutral” rating to a “buy” rating in a research report on Monday, June 27th. Investec reiterated a “buy” rating on shares of Randgold Resources in a research report on Tuesday, July 19th. Finally, Jefferies Group upgraded shares of Randgold Resources from a “hold” rating to a “buy” rating in a research report on Thursday, July 14th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $2,203.00.

The stock has a market cap of $9.00 billion and a price-to-earnings ratio of 47.53. The firm’s 50 day moving average is $110.73 and its 200 day moving average is $98.28.

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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