Randgold Resources Ltd. (GOLD) Shares Gap Up to $96.50
Randgold Resources Ltd. (NASDAQ:GOLD)’s share price gapped up prior to trading on Monday . The stock had previously closed at $96.04, but opened at $96.50. Randgold Resources shares last traded at $99.82, with a volume of 1,435,200 shares changing hands.
Several equities analysts have commented on the company. Canaccord Genuity raised Randgold Resources from a “hold” rating to a “buy” rating in a research report on Thursday. Citigroup Inc. reaffirmed a “sell” rating on shares of Randgold Resources in a research report on Thursday, August 18th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Randgold Resources in a research report on Wednesday, August 10th. Morgan Stanley downgraded Randgold Resources from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 25th. Finally, Investec reaffirmed a “buy” rating on shares of Randgold Resources in a research report on Tuesday, July 19th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $2,203.00.
The firm has a market cap of $9.35 billion and a P/E ratio of 49.39. The stock’s 50-day moving average is $109.54 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.