Randgold Resources Limited (RRS) Given “Buy” Rating at Investec

Investec reaffirmed their buy rating on shares of Randgold Resources Limited (LON:RRS) in a research report released on Friday, November 3rd. The firm currently has a GBX 9,000 ($118.37) price objective on the stock.

A number of other research analysts also recently weighed in on RRS. Barclays PLC reiterated an overweight rating and issued a GBX 8,000 ($105.22) price objective on shares of Randgold Resources Limited in a research report on Friday, July 14th. Credit Suisse Group upped their price target on shares of Randgold Resources Limited from GBX 6,970 ($91.67) to GBX 7,160 ($94.17) and gave the stock a neutral rating in a research report on Friday, August 4th. Jefferies Group LLC restated a buy rating and set a GBX 9,000 ($118.37) price target on shares of Randgold Resources Limited in a research report on Friday, August 4th. J P Morgan Chase & Co restated an overweight rating and set a GBX 8,300 ($109.17) price target on shares of Randgold Resources Limited in a research report on Friday, August 4th. Finally, Numis Securities Ltd restated a buy rating and set a GBX 9,000 ($118.37) price target on shares of Randgold Resources Limited in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of GBX 7,732.78 ($101.71).

Shares of Randgold Resources Limited (LON:RRS) traded up GBX 100 ($1.32) during trading on Friday, hitting GBX 7,265 ($95.55). 397,246 shares of the company’s stock were exchanged, compared to its average volume of 432,825. 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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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).

Analyst Recommendations for Randgold Resources Limited (LON:RRS)

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