Randgold Resources Limited (NASDAQ:GOLD)‘s stock had its “buy” rating reissued by equities research analysts at HC Wainwright in a research report issued on Wednesday.

A number of other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Randgold Resources Limited from a “hold” rating to a “strong sell” rating in a research report on Friday, November 10th. UBS Group AG lowered shares of Randgold Resources Limited from a “buy” rating to a “neutral” rating in a research report on Thursday, November 9th. Investec raised shares of Randgold Resources Limited from a “hold” rating to a “buy” rating in a research report on Friday, November 3rd. Finally, BidaskClub lowered shares of Randgold Resources Limited from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $84.90.

Shares of Randgold Resources Limited (NASDAQ GOLD) traded up $1.73 during mid-day trading on Wednesday, reaching $96.41. 372,000 shares of the company were exchanged, compared to its average volume of 671,556. Randgold Resources Limited has a fifty-two week low of $67.54 and a fifty-two week high of $108.29. The company has a market capitalization of $8,906.43, a price-to-earnings ratio of 32.10 and a beta of -0.07.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Randgold Resources Limited by 7.8% during the second 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 in the last quarter. Capital World Investors boosted its stake in Randgold Resources Limited by 102.9% during the second 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 in the last quarter. Gabelli Funds LLC boosted its stake in Randgold Resources Limited by 16.2% during the second 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 in the last quarter. Renaissance Technologies LLC boosted its stake in Randgold Resources Limited by 218.0% during the second 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 in the last quarter. Finally, Alps Advisors Inc. boosted its stake in Randgold Resources Limited by 2.3% during the second quarter. Alps Advisors Inc. now owns 315,619 shares of the basic materials company’s stock worth $27,920,000 after buying an additional 6,966 shares in the last quarter. Hedge funds and other institutional investors own 34.79% of the company’s stock.

Randgold Resources Limited 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 Limited (NASDAQ:GOLD)

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