Randgold Resources Limited (LON:RRS) has been assigned a consensus recommendation of “Buy” from the nineteen brokerages that are presently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 7,704.71 ($106.45).
RRS has been the subject of a number of research analyst reports. Numis Securities reissued an “add” rating and set a GBX 8,000 ($110.53) target price (down previously from GBX 9,000 ($124.34)) on shares of Randgold Resources in a research report on Tuesday, February 6th. Royal Bank of Canada raised shares of Randgold Resources to a “sector performer” rating and boosted their target price for the stock from GBX 5,800 ($80.13) to GBX 6,600 ($91.19) in a research report on Monday, December 4th. JPMorgan Chase & Co. cut their target price on shares of Randgold Resources from GBX 7,100 ($98.09) to GBX 7,000 ($96.71) and set a “neutral” rating for the company in a research report on Thursday, January 11th. Barclays cut their target price on shares of Randgold Resources from GBX 8,000 ($110.53) to GBX 7,850 ($108.46) and set an “overweight” rating for the company in a research report on Monday, January 8th. Finally, HSBC raised shares of Randgold Resources to a “buy” rating and cut their target price for the stock from GBX 7,800 ($107.76) to GBX 7,700 ($106.38) in a research report on Thursday, February 8th.
Randgold Resources (LON:RRS) traded down GBX 2 ($0.03) during trading on Thursday, reaching GBX 5,978 ($82.59). 624,044 shares of the company’s stock were exchanged, compared to its average volume of 602,780. The firm has a market cap of $5,620.00 and a price-to-earnings ratio of 2,806.57. Randgold Resources has a 52-week low of GBX 5,760 ($79.58) and a 52-week high of GBX 8,255 ($114.05).
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About Randgold Resources
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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