Randgold Resources Limited (RRS) Stock Rating Reaffirmed by J P Morgan Chase & Co
Randgold Resources Limited (LON:RRS)‘s stock had its “overweight” rating reissued by J P Morgan Chase & Co in a research report issued on Monday. They presently have a GBX 8,300 ($109.53) price target on the stock. J P Morgan Chase & Co’s price target would suggest a potential upside of 18.74% from the company’s current price.
A number of other brokerages have also recently issued reports on RRS. HSBC Holdings plc lifted their price objective on shares of Randgold Resources Limited from GBX 6,550 ($86.43) to GBX 7,800 ($102.93) and gave the company a “hold” rating in a research note on Tuesday, August 22nd. Barclays PLC reissued an “overweight” rating and issued a GBX 8,000 ($105.57) price objective on shares of Randgold Resources Limited in a research note on Tuesday, October 24th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 9,000 ($118.76) price objective on shares of Randgold Resources Limited in a research note on Monday, September 25th. Berenberg Bank reissued a “buy” rating and issued a GBX 7,400 ($97.65) price objective on shares of Randgold Resources Limited in a research note on Thursday. Finally, Jefferies Group LLC reissued a “buy” rating and issued a GBX 9,000 ($118.76) price objective on shares of Randgold Resources Limited in a research note on Thursday, October 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 7,732.78 ($102.04).
Randgold Resources Limited (LON RRS) opened at GBX 6,990 ($92.24) on Monday. Randgold Resources Limited has a fifty-two week low of GBX 5,410 ($71.39) and a fifty-two week high of GBX 8,255 ($108.93).
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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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