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Zacks Investment Research downgraded Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) to Hold in a report released today.

Zacks Investment Research has downgraded Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) to Hold in a report released on 10/11/2016.

Previously on 10/05/2016, Zacks Investment Research released a statement about Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) increased the target price from $0.00 to $101.00. At the time, this indicated a possible upside of 0.12%.

Yesterday Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) traded -1.46% lower at $87.00. The company’s 50-day moving average is $98.32 and its 200-day moving average is $99.85. The last stock close price is down -12.91% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 941,348 shares of the stock were exchanged, down from an average trading volume of 981,086

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

Randgold Resources Ltd. (ADR) has a 52 week low of $58.77 and a 52 week high of $126.55 with a P/E ratio of 43.03 The company’s market cap is currently $0.

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

About 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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