Shares of Randgold Resources Limited (LON:RRS) have received a consensus recommendation of “Buy” from the twenty research firms that are currently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 7,691.11 ($104.30).
Several analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Randgold Resources from GBX 7,100 ($96.28) to GBX 7,000 ($94.93) and set a “neutral” rating on the stock in a report on Thursday. Barclays decreased their price target on Randgold Resources from GBX 8,000 ($108.49) to GBX 7,850 ($106.46) and set an “overweight” rating on the stock in a report on Monday, January 8th. Numis Securities restated a “buy” rating and set a GBX 9,000 ($122.05) price target on shares of Randgold Resources in a report on Friday, December 15th. Citigroup upgraded Randgold Resources to a “buy” rating in a report on Tuesday, December 5th. Finally, Royal Bank of Canada upgraded Randgold Resources to a “sector performer” rating and increased their price target for the company from GBX 5,800 ($78.65) to GBX 6,600 ($89.50) in a report on Monday, December 4th.
Shares of Randgold Resources (LON:RRS) traded up GBX 28 ($0.38) on Wednesday, hitting GBX 7,302 ($99.02). The stock had a trading volume of 455,724 shares, compared to its average volume of 436,521. Randgold Resources has a twelve month low of GBX 6,320 ($85.71) and a twelve month high of GBX 8,255 ($111.95). The stock has a market cap of $6,850.00 and a PE ratio of 3,349.54.
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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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