Randgold Resources Ltd. (GOLD) Trading Down 3.5%
Shares of Randgold Resources Ltd. (NASDAQ:GOLD) fell 3.5% during trading on Tuesday . The stock traded as low as $95.54 and last traded at $95.56, with a volume of 728,855 shares. The stock had previously closed at $99.04.
Several research firms recently issued reports on GOLD. Deutsche Bank AG reiterated a “hold” rating on shares of Randgold Resources in a report on Monday, July 11th. Zacks Investment Research upgraded Randgold Resources from a “hold” rating to a “strong-buy” rating and set a $136.00 price target on the stock in a report on Tuesday, July 12th. Bank of America Corp. upgraded Randgold Resources from a “neutral” rating to a “buy” rating in a report on Thursday, May 5th. Jefferies Group upgraded Randgold Resources from a “hold” rating to a “buy” rating in a report on Thursday, July 14th. Finally, Scotiabank cut Randgold Resources from a “sector perform” rating to an “underperform” rating in a report on Wednesday, July 13th. Three 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 assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $2,203.00.
The company has a 50 day moving average price of $112.22 and a 200-day moving average price of $98.28. The firm has a market cap of $8.84 billion and a P/E ratio of 46.71.
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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