Shares of Randgold Resources Ltd. (NASDAQ:GOLD) gapped down prior to trading on Wednesday . The stock had previously closed at $97.31, but opened at $97.83. Randgold Resources shares last traded at $99.47, with a volume of 382,942 shares changing hands.

Several research firms have weighed in on GOLD. Deutsche Bank AG reissued a “hold” rating on shares of Randgold Resources in a report on Wednesday, August 10th. Berenberg Bank started coverage on Randgold Resources in a research report on Wednesday, September 7th. They issued a “hold” rating on the stock. Scotiabank downgraded Randgold Resources from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, July 13th. Zacks Investment Research upgraded Randgold Resources from a “hold” rating to a “strong-buy” rating and set a $136.00 price objective on the stock in a research report on Tuesday, July 12th. Finally, Investec restated a “buy” rating on shares of Randgold Resources in a research report on Tuesday, July 19th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. Randgold Resources presently has a consensus rating of “Hold” and a consensus price target of $136.00.

The stock has a market cap of $9.60 billion, a P/E ratio of 50.69 and a beta of 0.47. The company has a 50-day moving average price of $103.62 and a 200-day moving average price of $99.26.

Several institutional investors have recently modified their holdings of the stock. FMR LLC boosted its position in shares of Randgold Resources by 45.0% in the second quarter. FMR LLC now owns 5,277,688 shares of the company’s stock worth $591,312,000 after buying an additional 1,637,397 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Randgold Resources by 11.0% in the second quarter. Van ECK Associates Corp now owns 6,140,647 shares of the company’s stock worth $687,998,000 after buying an additional 607,944 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Randgold Resources during the first quarter worth about $32,864,000. Alps Advisors Inc. boosted its position in shares of Randgold Resources by 387.2% in the second quarter. Alps Advisors Inc. now owns 356,046 shares of the company’s stock worth $39,891,000 after buying an additional 282,972 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Randgold Resources by 93.0% in the first quarter. Wellington Management Group LLP now owns 428,086 shares of the company’s stock worth $38,875,000 after buying an additional 206,254 shares during the last quarter. Institutional investors own 41.98% of the company’s stock.

About Randgold Resources

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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