Thursday’s Top Stock Downgrades (GOLD, CWTR, ACAS, DDMIX, GNA)

Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) fell 2.83% to $87.98 with over 87.98 million shares after analyst at BofA/Merrill Lynch downgraded the company’s share Buy to Neutral.

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Randgold Resources Ltd. is engaged in gold mining, exploration and related activities. The Company’s activities are focused on West and Central Africa. In Mali, it has an 80% controlling interest in the Loulo mine through Societe des Mines de Loulo S.A. (Somilo).

Coldwater Creek Inc. (NASDAQ:CWTR) slid 14.14% to $5.10 with over 1.20 million shares following the company’s share was downgraded at Barclays, which lowers the rating to Equalweight from Overweight. The firm also lowered the price target by $4 to $6.

Coldwater Creek Inc. (Coldwater) is a national specialty retailer of women's apparel, accessories, jewelry and gift items sold under the Coldwater Creek brand. It serves its customers through its retail and direct segments.

Shares of American Capital Ltd. (NASDAQ:ACAS) also fell 8.38% to $4.79 after analysts at Stifel Nicolaus reduced their rating on the company’s share to Sell from Hold due to their belief that the company will file bankruptcy based on disappointing bondholder vote numbers released yesterday. V

Dynamex (Nasdaq: DDMX) slid 9.35% to $14.56. This morning Jesup & Lamont downgraded the company’s share to Hold from Buy.

Dynamex Inc. (Dynamex) is a provider of same-day delivery and logistics services in the United States and Canada.

Gerdau Ameristeel Corporation (USA) (NYSE:GNA) was downgraded by Raymond James and BMO Capital from Outperform to Market Perform. TD Newcrest also downgrades GNA from Buy to Hold. However, it raised the price target by $2.50 to $11.

Gerdau Ameristeel Corporation (Gerdau Ameristeel) is a mini-mill steel producer in North America with annual manufacturing capacity of approximately 12 million tons of mill finished steel products.

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