Randgold Resources Ltd. (GOLD) Sees Large Volume Increase
Shares of Randgold Resources Ltd. (NASDAQ:GOLD) saw unusually-high trading volume on Friday . Approximately 1,035,717 shares traded hands during trading, an increase of 13% from the previous session’s volume of 916,158 shares.The stock last traded at $99.37 and had previously closed at $96.50.
A number of research firms recently commented on GOLD. Deutsche Bank AG reaffirmed a “hold” rating on shares of Randgold Resources in a report on Monday, May 9th. Macquarie raised shares of Randgold Resources from a “neutral” rating to an “outperform” rating in a report on Friday, July 1st. HSBC reaffirmed a “buy” rating on shares of Randgold Resources in a report on Thursday, July 7th. Canaccord Genuity raised shares of Randgold Resources from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Investec reaffirmed a “buy” rating on shares of Randgold Resources in a report on Tuesday, July 19th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $2,203.00.
The stock has a 50-day moving average of $109.54 and a 200 day moving average of $98.28. The company 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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