HC Wainwright Reiterates Buy Rating for Randgold Resources (NASDAQ:GOLD)

Randgold Resources (NASDAQ:GOLD)‘s stock had its “buy” rating reaffirmed by equities researchers at HC Wainwright in a report issued on Wednesday, November 22nd.

Other research analysts have also issued research reports about the stock. Investec raised shares of Randgold Resources from a “hold” rating to a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research raised shares of Randgold Resources from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research report on Wednesday, September 20th. BidaskClub raised shares of Randgold Resources from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, UBS lowered shares of Randgold Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Randgold Resources currently has an average rating of “Hold” and a consensus price target of $84.90.

Randgold Resources (NASDAQ:GOLD) opened at $91.28 on Wednesday. The firm has a market cap of $8,627.98, a price-to-earnings ratio of 31.09 and a beta of -0.11. Randgold Resources has a 52-week low of $67.54 and a 52-week high of $108.29.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Smith Affiliated Capital Corp. increased its stake in Randgold Resources by 4.0% in the second quarter. Smith Affiliated Capital Corp. now owns 1,310 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 50 shares during the period. The Manufacturers Life Insurance Company increased its stake in Randgold Resources by 0.4% in 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 acquiring an additional 56 shares during the period. Wetherby Asset Management Inc. increased its stake in Randgold Resources by 2.0% in the second quarter. Wetherby Asset Management Inc. now owns 3,104 shares of the basic materials company’s stock valued at $274,000 after acquiring an additional 62 shares during the period. Quadrant Capital Group LLC increased its stake in Randgold Resources by 11.2% in the second quarter. Quadrant Capital Group LLC now owns 1,939 shares of the basic materials company’s stock valued at $162,000 after acquiring an additional 195 shares during the period. Finally, Advisor Group Inc. increased its stake in Randgold Resources by 9.7% in the second quarter. Advisor Group Inc. now owns 2,815 shares of the basic materials company’s stock valued at $248,000 after acquiring an additional 250 shares during the period. 35.18% of the stock is currently owned by institutional investors and hedge funds.

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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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