Brokerages Set Randgold Resources Limited (RRS) Target Price at $7,732.78
Shares of Randgold Resources Limited (LON:RRS) have earned a consensus recommendation of “Buy” from the nineteen ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 7,732.78 ($101.71).
Several research firms have recently weighed in on RRS. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 8,300 ($109.17) price objective on shares of Randgold Resources Limited in a research note on Monday, November 6th. Investec restated a “buy” rating and set a GBX 9,000 ($118.37) price objective on shares of Randgold Resources Limited in a research note on Friday, November 3rd. Berenberg Bank restated a “buy” rating and set a GBX 7,400 ($97.33) price objective on shares of Randgold Resources Limited in a research note on Thursday, November 2nd. Barclays PLC restated an “overweight” rating and set a GBX 8,000 ($105.22) price objective on shares of Randgold Resources Limited in a research note on Tuesday, October 24th. Finally, Jefferies Group LLC restated a “buy” rating and set a GBX 9,000 ($118.37) price objective on shares of Randgold Resources Limited in a research note on Thursday, October 19th.
Randgold Resources Limited (RRS) traded up GBX 25 ($0.33) during trading on Tuesday, hitting GBX 7,280 ($95.75). 289,513 shares of the stock traded hands, compared to its average volume of 440,003. Randgold Resources Limited has a one year low of GBX 5,410 ($71.16) and a one 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).
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