Randgold Resources Limited (RRS) Receives GBX 7,763.33 Consensus Target Price from Brokerages
Randgold Resources Limited (LON:RRS) has earned a consensus recommendation of “Buy” from the twenty brokerages that are currently covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 7,691.11 ($104.30).
Several research analysts recently weighed in on the company. Numis Securities reiterated a “buy” rating and set a GBX 9,000 ($122.05) price target on shares of Randgold Resources in a research report on Friday, December 15th. Investec reiterated a “buy” rating and set a GBX 9,000 ($122.05) price target on shares of Randgold Resources in a research report on Friday, November 3rd. Barclays reiterated an “overweight” rating and set a GBX 8,000 ($108.49) price target on shares of Randgold Resources in a research report on Tuesday, October 24th. Citigroup upgraded Randgold Resources to a “buy” rating in a research report on Tuesday, December 5th. Finally, Jefferies Group reiterated a “buy” rating and set a GBX 9,000 ($122.05) price target on shares of Randgold Resources in a research report on Thursday, October 19th.
Shares of Randgold Resources (RRS) traded up GBX 28 ($0.38) during mid-day trading on Wednesday, reaching GBX 7,302 ($99.02). The company had a trading volume of 455,724 shares, compared to its average volume of 436,521. The stock has a market capitalization of $6,850.00 and a PE ratio of 3,349.54. Randgold Resources has a 52 week low of GBX 6,320 ($85.71) and a 52 week high of GBX 8,255 ($111.95).
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Randgold Resources 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).
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