Randgold Resources Limited (RRS) Given Buy Rating at Investec
Randgold Resources Limited (LON:RRS)‘s stock had its “buy” rating reissued by analysts at Investec in a note issued to investors on Friday. They currently have a GBX 9,000 ($118.76) target price on the stock. Investec’s target price points to a potential upside of 29.87% from the stock’s current price.
Several other analysts also recently issued reports on the company. Berenberg Bank restated a “buy” rating and set a GBX 7,400 ($97.65) price objective on shares of Randgold Resources Limited in a report on Thursday. Barclays PLC restated an “overweight” rating and set a GBX 8,000 ($105.57) price objective on shares of Randgold Resources Limited in a report on Tuesday, October 24th. Jefferies Group LLC restated a “buy” rating and set a GBX 9,000 ($118.76) price objective on shares of Randgold Resources Limited in a report on Thursday, October 19th. Numis Securities Ltd restated a “buy” rating and set a GBX 9,000 ($118.76) price objective on shares of Randgold Resources Limited in a report on Monday, September 25th. Finally, J P Morgan Chase & Co boosted their price objective on Randgold Resources Limited from GBX 8,300 ($109.53) to GBX 8,400 ($110.85) and gave the stock an “overweight” rating in a report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 7,738.33 ($102.12).
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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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