Randgold Resources Limited (RRS) Earns Overweight Rating from J P Morgan Chase & Co

J P Morgan Chase & Co restated their overweight rating on shares of Randgold Resources Limited (LON:RRS) in a report issued on Monday, MarketBeat.com reports. The firm currently has a GBX 8,300 ($109.17) price target on the stock.

A number of other equities analysts also recently issued reports on RRS. Barclays PLC reiterated an overweight rating and set a GBX 8,000 ($105.22) price target on shares of Randgold Resources Limited in a research report on Friday, July 14th. Credit Suisse Group raised their target price on Randgold Resources Limited from GBX 6,970 ($91.67) to GBX 7,160 ($94.17) and gave the company a neutral rating in a research report on Friday, August 4th. Jefferies Group LLC restated a buy rating and issued a GBX 9,000 ($118.37) target price on shares of Randgold Resources Limited in a research report on Friday, August 4th. Numis Securities Ltd restated a buy rating and issued a GBX 9,000 ($118.37) target price on shares of Randgold Resources Limited in a research report on Friday, August 4th. Finally, Panmure Gordon raised their target price on Randgold Resources Limited from GBX 6,495 ($85.43) to GBX 6,930 ($91.15) and gave the company a hold rating in a research report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of GBX 7,732.78 ($101.71).

Randgold Resources Limited (LON:RRS) opened at GBX 6,950 ($91.41) on Monday. Randgold Resources Limited has a 1 year low of GBX 5,410 ($71.16) and a 1 year high of GBX 8,255 ($108.58).

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About Randgold Resources Limited

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).

Analyst Recommendations for Randgold Resources Limited (LON:RRS)

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