Randgold Resources Limited (RRS) Rating Reiterated by Macquarie
Randgold Resources Limited (LON:RRS)‘s stock had its “outperform” rating reissued by stock analysts at Macquarie in a research report issued to clients and investors on Tuesday.
A number of other analysts have also recently commented on the stock. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Randgold Resources Limited in a report on Monday, June 27th. Jefferies Group raised shares of Randgold Resources Limited to a “buy” rating in a research note on Thursday, July 14th. Canaccord Genuity raised shares of Randgold Resources Limited to a “buy” rating and set a GBX 8,590 ($112.13) price objective for the company in a research note on Thursday, September 1st. JPMorgan Chase & Co. increased their price objective on shares of Randgold Resources Limited from GBX 6,500 ($84.85) to GBX 7,200 ($93.98) and gave the stock a “neutral” rating in a research note on Tuesday, July 5th. Finally, Numis Securities Ltd raised shares of Randgold Resources Limited to a “buy” rating in a research note on Monday, September 5th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 6,489.45 ($84.71).
Randgold Resources Limited (LON:RRS) opened at 7985.0000 on Tuesday. The stock’s market cap is GBX 7.48 billion. Randgold Resources Limited has a 12 month low of GBX 3,711.00 and a 12 month high of GBX 9,820.00. The company has a 50-day moving average of GBX 7,944.03 and a 200-day moving average of GBX 7,217.23.
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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