Randgold Resources Limited (RRS) Receives GBX 7,771.67 Average Target Price from Brokerages
Shares of Randgold Resources Limited (LON:RRS) have been assigned an average recommendation of “Buy” from the twenty research firms that are covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 7,771.67 ($104.60).
RRS has been the topic of several research analyst reports. J P Morgan Chase & Co upped their price objective on shares of Randgold Resources from GBX 8,300 ($111.71) to GBX 8,400 ($113.06) and gave the stock an “overweight” rating in a research note on Tuesday, September 5th. Jefferies Group reaffirmed a “buy” rating and set a GBX 9,000 ($121.13) price objective on shares of Randgold Resources in a research note on Thursday, October 19th. Investec reaffirmed a “buy” rating and set a GBX 9,000 ($121.13) price objective on shares of Randgold Resources in a research note on Friday, November 3rd. Barclays reaffirmed an “overweight” rating and set a GBX 8,000 ($107.67) price objective on shares of Randgold Resources in a research note on Tuesday, October 24th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 7,400 ($99.60) price objective on shares of Randgold Resources in a research note on Thursday, November 2nd.
Shares of Randgold Resources (LON RRS) traded down GBX 45 ($0.61) during trading on Friday, reaching GBX 7,045 ($94.82). 465,645 shares of the company’s stock traded hands, compared to its average volume of 502,396. Randgold Resources has a 1 year low of GBX 5,485 ($73.82) and a 1 year high of GBX 8,255 ($111.10).
About Randgold Resources
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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