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Zacks Investment Research announced Randgold Resources Ltd. (ADR) (NASDAQ:GOLD), boosting its stock price target to $101.00 today

In a report released on 10/05/2016 Zacks Investment Research increased the stock price target of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) to $101.00 reporting a possible upside of 0.12%.

Just yesterday Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) traded 0.03% higher at $90.26. Randgold Resources Ltd. (ADR)’s 50-day moving average is $100.19 and its 200-day moving average is $99.86. The last stock price is down -9.28% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,508,321 shares of GOLD traded hands, up from an average trading volume of 997,766

Recent Performance Chart

Randgold Resources Ltd. (ADR) (NASDAQ:GOLD)

Randgold Resources Ltd. (ADR) has 52 week low of $58.77 and a 52 week high of $126.55 with a PE ratio of 44.82 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 6 brokerages have issued a ratings update on the company. The average stock price target is $106.71 with 2 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 3 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Randgold Resources Ltd. (ADR) (NASDAQ:GOLD)

Randgold Resources Limited is engaged in the 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 mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company holds Morila Limited, which holds interests in the Morila mine in Mali. The Company holds a controlling interest in the Loulo mine, located in Mali, through Societe des Mines de Loulo SA (Loulo). The Company has a controlling interest in the Gounkoto mine through Societe des Mines de Gounkoto SA (Gounkoto). The Company holds controlling interest in the Tongon mine, which is located within the Nielle exploitation permit in the north of Cote d'Ivoire. It is exploring in over four African countries, such as Mali, Senegal, Cote d'Ivoire and the Democratic Republic of Congo (DRC), with a portfolio of approximately 141 targets on over 12,310 kilometers of ground holding.

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