Randgold Resources (NASDAQ:GOLD) was downgraded by J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a report issued on Thursday.

A number of other research analysts also recently weighed in on the company. Desjardins reiterated a “hold” rating on shares of Randgold Resources in a report on Monday. BidaskClub downgraded Randgold Resources from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Zacks Investment Research upgraded Randgold Resources from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 5th. Citigroup upgraded Randgold Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, December 5th. Finally, Royal Bank of Canada upgraded Randgold Resources to a “sector perform” rating in a report on Monday, December 4th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $84.90.

Randgold Resources (NASDAQ:GOLD) traded up $1.97 during mid-day trading on Thursday, hitting $92.44. The company’s stock had a trading volume of 828,300 shares, compared to its average volume of 660,110. Randgold Resources has a 1 year low of $67.54 and a 1 year high of $108.29. The stock has a market cap of $8,510.40, a P/E ratio of 30.67 and a beta of -0.11.

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of Randgold Resources by 7.8% in the 2nd quarter. BlackRock Inc. now owns 9,333,067 shares of the basic materials company’s stock worth $825,605,000 after buying an additional 671,684 shares during the last quarter. Capital World Investors grew its stake in shares of Randgold Resources by 102.9% in the 2nd quarter. Capital World Investors now owns 1,007,000 shares of the basic materials company’s stock worth $89,079,000 after buying an additional 510,800 shares during the last quarter. Gabelli Funds LLC grew its stake in shares of Randgold Resources by 16.2% in the 2nd quarter. Gabelli Funds LLC now owns 915,800 shares of the basic materials company’s stock worth $81,012,000 after buying an additional 127,500 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Randgold Resources by 218.0% in the 2nd quarter. Renaissance Technologies LLC now owns 326,600 shares of the basic materials company’s stock worth $28,891,000 after buying an additional 223,900 shares during the last quarter. Finally, Aperio Group LLC grew its stake in shares of Randgold Resources by 10.6% in the 3rd quarter. Aperio Group LLC now owns 174,117 shares of the basic materials company’s stock worth $17,004,000 after buying an additional 16,637 shares during the last quarter. Institutional investors own 35.18% of the company’s stock.

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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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