Randgold (GOLD) Shares Continue Lower as JPMorgan Downgrades to Underweight

Shares of Randgold Resources Ltd. (NASDAQ: GOLD) are dipping over the last few minutes of trade as JPMorgan just issued a mid-day downgrade on the stock. The lowered investment rating follows an earlier release from the company which said it is keeping an eye on the coup attempts in Mali and the resulting 10 percent decline in the stock.

JPMorgan now rates Randgold shares an Underweight, down from Neutral previously.

The stock last traded at $92.63.

For an analyst ratings summary and ratings history on Randgold Resources Ltd. click here. For more ratings news on Randgold Resources Ltd. click here.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Jefferies Downgrades ULTA Salon (ULTA) to Hold, 'Competition Intensifying & Prestige Refresh Needed'
• HSBC Downgrades Infosys Technologies (INFY) to Hold
• Morgan Stanley Upgrades Shopify (SHOP) to Overweight, 'Still Operating Leverage Left to Realize'