Shares of Randgold Resources Limited (LON:RRS) have received an average recommendation of “Buy” from the nineteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 7,693.56 ($99.36).
Several research analysts have recently issued reports on RRS shares. J P Morgan Chase & Co upped their price objective on Randgold Resources Limited from GBX 8,300 ($107.19) to GBX 8,400 ($108.49) and gave the company an “overweight” rating in a research note on Tuesday, September 5th. Barclays PLC reiterated an “overweight” rating and issued a GBX 8,000 ($103.32) target price on shares of Randgold Resources Limited in a report on Friday, July 14th. Panmure Gordon cut Randgold Resources Limited to a “hold” rating and reduced their target price for the company from GBX 8,309 ($107.31) to GBX 6,495 ($83.88) in a report on Monday, May 15th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 9,000 ($116.23) target price on shares of Randgold Resources Limited in a report on Friday, August 4th. Finally, Credit Suisse Group upped their target price on Randgold Resources Limited from GBX 6,970 ($90.02) to GBX 7,160 ($92.47) and gave the company a “neutral” rating in a report on Friday, August 4th.
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Shares of Randgold Resources Limited (RRS) traded down 0.79% on Thursday, hitting GBX 8125.00. 425,550 shares of the stock traded hands. Randgold Resources Limited has a 1-year low of GBX 5,410.00 and a 1-year high of GBX 8,255.00. The stock has a 50 day moving average of GBX 7,435.00 and a 200-day moving average of GBX 7,215.15. The stock’s market cap is GBX 7.64 billion.
Randgold Resources Limited Company Profile
Randgold Resources Limited is engaged in 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 various mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company is exploring in African countries, such as Mali, Senegal, Cote d’Ivoire and the Democratic Republic of Congo (DRC).
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