Randgold Resources Limited (NASDAQ:GOLD) was downgraded by UBS AG from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday.

Several other brokerages have also recently issued reports on GOLD. Zacks Investment Research cut shares of Randgold Resources Limited from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. BidaskClub cut shares of Randgold Resources Limited from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Investec upgraded shares of Randgold Resources Limited from a “hold” rating to a “buy” rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $105.00.

Randgold Resources Limited (NASDAQ:GOLD) opened at $91.42 on Thursday. Randgold Resources Limited has a one year low of $67.54 and a one year high of $108.29. The company has a market cap of $8,574.36, a P/E ratio of 30.90 and a beta of -0.07.

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A number of large investors have recently added to or reduced their stakes in GOLD. Ameriprise Financial Inc. boosted its holdings in Randgold Resources Limited by 15.8% in the first quarter. Ameriprise Financial Inc. now owns 5,250 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 716 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Randgold Resources Limited by 14.8% in the first quarter. Geode Capital Management LLC now owns 23,065 shares of the basic materials company’s stock valued at $2,013,000 after acquiring an additional 2,969 shares in the last quarter. Paloma Partners Management Co bought a new stake in Randgold Resources Limited in the first quarter valued at $226,000. Pennsylvania Trust Co bought a new stake in shares of Randgold Resources Limited during the 2nd quarter valued at $212,000. Finally, Virtu Financial LLC bought a new stake in shares of Randgold Resources Limited during the 2nd quarter valued at $309,000. Institutional investors and hedge funds own 35.67% 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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