TheStreet lowers the Stock rating of Randgold Resources Ltd. (GOLD)

TheStreet lowers the Stock rating of Randgold Resources Ltd. (GOLD)

Randgold Resources Ltd. (NASDAQ:GOLD) was downgraded by equities research analysts at TheStreet from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

A number of other brokerages have also recently weighed in on GOLD. Macquarie raised Randgold Resources from a “neutral” rating to an “outperform” rating in a research note on Friday, July 1st. Zacks Investment Research cut Randgold Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 7th. HSBC reaffirmed a “buy” rating on shares of Randgold Resources in a research note on Thursday, July 7th. Citigroup Inc. reaffirmed a “sell” rating on shares of Randgold Resources in a research note on Thursday, August 18th. Finally, Goldman Sachs Group Inc. raised Randgold Resources from a “neutral” rating to a “buy” rating in a research note on Monday, June 27th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $101.00.

Randgold Resources (NASDAQ:GOLD) opened at 84.70 on Tuesday. The firm has a market capitalization of $7.93 billion, a price-to-earnings ratio of 41.91 and a beta of 0.39. Randgold Resources has a one year low of $58.77 and a one year high of $126.55. The stock has a 50 day moving average price of $97.11 and a 200-day moving average price of $99.63.

A number of hedge funds have recently made changes to their positions in GOLD. BNP Paribas Arbitrage SA increased its stake in shares of Randgold Resources by 32.3% in the second quarter. BNP Paribas Arbitrage SA now owns 4,615 shares of the company’s stock worth $517,000 after buying an additional 1,126 shares during the period. Euclid Advisors LLC acquired a new stake in shares of Randgold Resources during the first quarter worth about $4,808,000. LPL Financial LLC increased its stake in shares of Randgold Resources by 7.0% in the first quarter. LPL Financial LLC now owns 15,242 shares of the company’s stock worth $1,372,000 after buying an additional 1,002 shares during the period. Moore Capital Management LP acquired a new stake in shares of Randgold Resources during the first quarter worth about $3,242,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Randgold Resources during the first quarter worth about $32,864,000. 42.81% of the stock is owned by institutional investors.

Randgold Resources Company Profile

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