Randgold Resources (GOLD) Upgraded to “Sector Perform” at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Randgold Resources (NASDAQ:GOLD) to a sector perform rating in a report issued on Monday. The analysts noted that the move was a valuation call.

Several other research firms also recently weighed in on GOLD. Zacks Investment Research downgraded shares of Randgold Resources from a buy rating to a hold rating in a research note on Wednesday, August 30th. HC Wainwright reissued a buy rating on shares of Randgold Resources in a research note on Wednesday, November 22nd. BidaskClub downgraded shares of Randgold Resources from a hold rating to a sell rating in a research note on Wednesday, August 9th. UBS downgraded shares of Randgold Resources from a buy rating to a neutral rating in a research note on Thursday, November 9th. Finally, Investec raised shares of Randgold Resources from a hold rating to a buy rating in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $84.90.

Randgold Resources (NASDAQ:GOLD) traded down $0.44 during trading on Monday, reaching $91.28. 347,300 shares of the company’s stock traded hands, compared to its average volume of 665,447. The company has a market capitalization of $8,627.98, a P/E ratio of 31.09 and a beta of -0.11. Randgold Resources has a 1-year low of $67.54 and a 1-year high of $108.29.

Large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in shares of Randgold Resources by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 14,915 shares of the basic materials company’s stock valued at $1,319,000 after buying an additional 56 shares during the period. Wetherby Asset Management Inc. increased its position in shares of Randgold Resources by 2.0% during the second quarter. Wetherby Asset Management Inc. now owns 3,104 shares of the basic materials company’s stock valued at $274,000 after buying an additional 62 shares during the period. Quadrant Capital Group LLC increased its position in shares of Randgold Resources by 11.2% during the second quarter. Quadrant Capital Group LLC now owns 1,939 shares of the basic materials company’s stock valued at $162,000 after buying an additional 195 shares during the period. Advisor Group Inc. increased its position in shares of Randgold Resources by 9.7% during the second quarter. Advisor Group Inc. now owns 2,815 shares of the basic materials company’s stock valued at $248,000 after buying an additional 250 shares during the period. Finally, Acrospire Investment Management LLC increased its position in shares of Randgold Resources by 40.0% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the basic materials company’s stock valued at $124,000 after buying an additional 400 shares during the period. 35.18% of the stock is owned by hedge funds and other institutional investors.

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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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