BidaskClub lowered shares of Randgold Resources (NASDAQ:GOLD) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

GOLD has been the subject of several other research reports. Zacks Investment Research lowered Randgold Resources from a hold rating to a strong sell rating in a research report on Friday, November 10th. Citigroup upgraded Randgold Resources from a neutral rating to a buy rating in a research report on Tuesday, December 5th. UBS lowered Randgold Resources from a buy rating to a neutral rating in a research report on Thursday, November 9th. Investec upgraded Randgold Resources from a hold rating to a buy rating in a research report on Friday, November 3rd. Finally, Royal Bank Of Canada upgraded Randgold Resources to a sector perform rating in a research report on Monday, December 4th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $84.90.

Randgold Resources (GOLD) opened at $91.70 on Wednesday. Randgold Resources has a 12-month low of $67.54 and a 12-month high of $108.29. The stock has a market capitalization of $8,570.00, a P/E ratio of 30.65 and a beta of -0.11.

Several institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new stake in shares of Randgold Resources during the third quarter valued at approximately $713,000. Saturna Capital CORP bought a new stake in shares of Randgold Resources during the third quarter valued at approximately $826,000. JPMorgan Chase & Co. raised its stake in shares of Randgold Resources by 36.7% during the third quarter. JPMorgan Chase & Co. now owns 100,107 shares of the basic materials company’s stock valued at $9,858,000 after acquiring an additional 26,899 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in shares of Randgold Resources during the third quarter valued at approximately $152,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Randgold Resources during the third quarter valued at approximately $557,000. 35.18% of the stock is owned by hedge funds and other institutional investors.

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Randgold Resources Company Profile

Randgold Resources Limited is engaged in 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 various mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company is exploring in African countries, such as Mali, Senegal, Cote d’Ivoire and the Democratic Republic of Congo (DRC).

Analyst Recommendations for Randgold Resources (NASDAQ:GOLD)

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