Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) currently trades at $84.94 which is about 3.38% higher than the 52-week high of $126.65. The trading volume at ready counter moved to 866,765.00 shares as compared to 1.05M shares average traded volume. The stock failed to get pushed above the $85.55 barrier, the intraday high, after opening at $84.82. Analysts have a consensus target price of $101.84 in the 12-month period. Its market capitalization has now reached to $8.06B.

Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) was dropped to Underweight from Equal Weight at Barclays. It has earned a consensus Strong buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 2 have assigned a hold rating, Zero says it’s a buy and 4 have assigned a strong buy rating to the company.

Randgold Resources Ltd. (ADR) (GOLD) on January 13, 2017 announced preliminary 2016 year-end and fourth quarter mill production. The Company produced approximately 27,629 gold ounces and 1,857,777 silver ounces for the 2016 year, which exceeded its annual gold production target and achieved its annual silver production target. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $109 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

The Company set its 2016 annual production target ranges of 26,000 gold ounces and 1,900,000 silver ounces, plus or minus 5%. Preliminary production for 2016 of approximately 27,629 gold ounces exceeded the upper targeted range for gold and 1,857,777 silver ounces achieved the silver production targeted range for the year. Fourth quarter gold and silver production totaled approximately 5,089 ounces and 419,800 ounces respectively. Preliminary annual base metal production included approximately 1,035 tonnes of copper, 4,049 tonnes of lead and 14,302 tonnes of zinc.

Full financial results for the fourth quarter and fiscal year-end 2016 will be available in the Company’s annual report on Form 10-K to be filed with the Securities and Exchange Commission.

“Our Oaxaca Mining Unit’s operations team once again delivered solid annual production results for 2016,” Gold Resource Corporation CEO and President, Mr. Jason Reid, stated. “In addition to achieving production, the team executed on mine development goals reaching the Arista Mine’s Switchback Vein system on time and in a safe and efficient manner. Executing on this important aspect for our long-term mine development plan puts us in position to develop this new and exciting high-grade area of the mine during the 2017 year. Looking beyond 2017 into 2018, our approach of developing Switchback for a year before commencing bulk tonnage mining in 2018 requires a disciplined approach of only processing development ore at Switchback before commencing long hole open stoping and cut and fill mining targeted at Switchback in 2018. This approach aims to set the Company in a position with the largest amount of advanced mine development in its history. Adding to our mine team’s success of reaching Switchback and solid annual production is the successful opening of our second operating mine at our Alta Gracia Project called the Mirador Mine during the fourth quarter of 2016, as well as the acquisition and advancement of the Nevada Mining Unit’s Isabella Pearl gold project which targets first production in late 2017 or early 2018. Our mine team deserves the credit for executing on a number of fronts and I thank them for all their professional hard work.”