Randgold Resources Limited had its “hold” rating reiterated by analysts at Deutsche Bank.
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Out of 12 analysts covering Randgold Resources (NASDAQ:GOLD), 5 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. Jefferies Group raised Randgold Resources from a “hold” rating to a “buy” rating in a research note on Thursday, July 14th.
Randgold Resources Limited was upgraded to “buy” by analysts at Canaccord Genuity. Finally, Panmure Gordon lowered Randgold Resources Limited to a hold rating and set a GBX 6,750 ($89.90) target price for the company.in a report on Thursday, August 4th.
Shares of Randgold Resources (NASDAQ:GOLD) opened at 104.05 on Wednesday.
The business has a 50 day moving average of 8331.81 and a 200 day moving average of 7133.33 whilst the 52 week high shares of Randgold Resources Ltd have reached is 9820 and the 52 week low is 3546. The institutional investor held 7.56 million shares of the precious metals company at the end of 2016Q2, valued at $686.31M, down from 8.02 million at the end of the previous reported quarter. Checchi Capital Advisers LLC increased its position in shares of Randgold Resources by 4.7% in the second quarter. Checchi Capital Advisers LLC now owns 1,004 shares of the company’s stock worth $112,000 after buying an additional 45 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Randgold Resources during the first quarter worth $224,000. Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) has risen 37.55% since February 1, 2016 and is uptrending. Finally, Bremer Trust National Association acquired a new position in shares of Randgold Resources during the second quarter worth $334,000. Company has a market cap of $9,035 M.
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Randgold Resources Limited is engaged in the exploration and development of gold deposits in Sub-Saharan Africa. The Company’s activities are focused on West and Central Africa. The Firm operates through the gold mining segment. The Company holds 45% interest in the Kibali gold mine located in the Democratic Republic of Congo (DRC) in conjunction with AngloGold Ashanti Limited (AngloGold Ashanti) (45%) and Societe Miniere de Kilo-Moto sarl (SOKIMO) (10%).
