Trader Alert: Unusual Volume Spotted in Randgold Resources Limited (NASDAQ:GOLD)

Trader Alert: Unusual Volume Spotted in Randgold Resources Limited (NASDAQ:GOLD)”

A bullish investor could look at GOLD's 29.3 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Geode Capital Management LLC increased its position in shares of Randgold Resources Limited by 14.8% during the 1st quarter. Crossmark Global Holdings Inc. purchased a new position in Randgold Resources Limited during the 3rd quarter valued at about $1,425,000. Hussman Strategic Advisors Inc.'s holdings in Randgold Resources Limited were worth $3,418,000 as of its most recent filing with the Securities and Exchange Commission. 827,336 shares of the stock traded hands. Finally, Paloma Partners Management Co bought a new position in shares of Randgold Resources Limited during the 1st quarter valued at approximately $226,000. Randgold Resources Ltd. The company's 50 day moving average is $97.69 and its 200 day moving average is $99.74. The company has a market capitalization of $7.94 billion, a P/E ratio of 41.92 and a beta of 0.39.

A number of equities research analysts have recently commented on GOLD shares. Zacks Investment Research raised Randgold Resources Limited from a "hold" rating to a "buy" rating and set a $113.00 target price on the stock in a research report on Wednesday, September 20th.

Randgold Resources PLC (LON:RRS) has reported a drop in third quarter profit and production, but the blue chip gold miner still said it was on track to meet its 2017 guidance. BidaskClub downgraded Randgold Resources Limited from a "hold" rating to a "sell" rating in a research report on Wednesday, August 9th. The stock now has a consensus rating of "Hold" and an average price target of $105.00.

Randgold stands out as one of only a few gold mining companies that consistently outperforms the gold price and delivers real value to its shareholders, host countries and other stakeholders. The company is also looking at ways to expand its existing asset base and to discover new world-class gold deposits. The Company operates various mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali.

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