Randgold Resources Ltd. (NASDAQ:GOLD) rose 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 changing hands. The stock had previously closed at $93.65.

GOLD has been the topic of several recent research reports. Macquarie raised Randgold Resources from a “neutral” rating to an “outperform” rating in a report on Friday, July 1st. HSBC reissued a “buy” rating on shares of Randgold Resources in a report on Thursday, July 7th. Citigroup Inc. reaffirmed a “sell” rating on shares of Randgold Resources in a report on Thursday, August 18th. Goldman Sachs Group Inc. raised Randgold Resources from a “neutral” rating to a “buy” rating in a report on Monday, June 27th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Randgold Resources in a report on Monday, May 9th. 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 given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $2,203.00.

The stock has a 50-day moving average price of $109.54 and a 200 day moving average price of $98.28. The stock has a market capitalization of $9.35 billion and a P/E ratio of 49.39.

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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