JPMorgan Chase & Co. Cuts Randgold Resources Limited (RRS) Price Target to GBX 7,650
Randgold Resources Limited (LON:RRS) had its price target reduced by JPMorgan Chase & Co. from GBX 7,850 ($102.47) to GBX 7,650 ($99.86) in a research note published on Thursday morning. JPMorgan Chase & Co. currently has a neutral rating on the stock.
RRS has been the topic of a number of other reports. Macquarie reissued a neutral rating and set a GBX 6,500 ($84.85) target price on shares of Randgold Resources Limited in a report on Monday, May 23rd. Deutsche Bank AG boosted their target price on Randgold Resources Limited from GBX 5,560 ($72.58) to GBX 6,700 ($87.46) and gave the stock a hold rating in a report on Sunday, June 26th. Credit Suisse Group AG decreased their target price on Randgold Resources Limited to GBX 8,300 ($108.34) and set a neutral rating on the stock in a report on Friday, August 5th. Berenberg Bank began coverage on Randgold Resources Limited in a report on Wednesday, September 7th. They set a hold rating and a GBX 7,190 ($93.85) target price on the stock. Finally, Goldman Sachs Group Inc. reissued a neutral rating and set a GBX 6,500 ($84.85) target price on shares of Randgold Resources Limited in a report on Thursday, June 16th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 6,389.45 ($83.40).
Randgold Resources Limited (LON:RRS) opened at 7540.00 on Thursday. The firm’s 50 day moving average price is GBX 7,970.00 and its 200-day moving average price is GBX 7,212.96. The company’s market capitalization is GBX 7.06 billion. Randgold Resources Limited has a one year low of GBX 3,710.00 and a one year high of GBX 9,820.00.
Randgold Resources Limited Company Profile
Randgold Resources Limited is engaged in the 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 mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company holds Morila Limited, which holds interests in the Morila mine in Mali.
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