Randgold Resources (RRS) Rating Reiterated by Numis Securities
Randgold Resources (LON:RRS)‘s stock had its “buy” rating reiterated by equities researchers at Numis Securities in a research report issued on Friday. They currently have a GBX 9,000 ($121.13) price objective on the stock. Numis Securities’ price target suggests a potential upside of 29.40% from the stock’s previous close.
RRS has been the subject of several other research reports. Barclays reiterated an “overweight” rating and set a GBX 8,000 ($107.67) price target on shares of Randgold Resources in a research note on Tuesday, October 24th. Investec reiterated a “buy” rating and set a GBX 9,000 ($121.13) price target on shares of Randgold Resources in a research note on Friday, November 3rd. Royal Bank of Canada upgraded Randgold Resources to a “sector performer” rating and increased their price target for the stock from GBX 5,800 ($78.06) to GBX 6,600 ($88.83) in a research note on Monday, December 4th. J P Morgan Chase & Co increased their price target on 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. Finally, Jefferies Group reiterated a “buy” rating and set a GBX 9,000 ($121.13) price target on shares of Randgold Resources in a research note on Thursday, October 19th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of GBX 7,771.67 ($104.60).
Randgold Resources (LON:RRS) opened at GBX 6,955 ($93.61) on Friday. Randgold Resources has a 12 month low of GBX 5,410 ($72.81) and a 12 month high of GBX 8,255 ($111.10).
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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