Randgold Resources (LON:RRS)‘s stock had its “add” rating restated by stock analysts at Numis Securities in a note issued to investors on Tuesday, February 6th. They currently have a GBX 8,000 ($110.53) price target on the stock, down from their prior price target of GBX 9,000 ($124.34). Numis Securities’ price target would suggest a potential upside of 29.79% from the stock’s current price.
Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. cut their price target on Randgold Resources from GBX 7,100 ($98.09) to GBX 7,000 ($96.71) and set a “neutral” rating on the stock in a research note on Thursday, January 11th. Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 7,160 ($98.92) price target on shares of Randgold Resources in a research note on Tuesday, January 30th. Jefferies Group reaffirmed a “buy” rating and set a GBX 9,000 ($124.34) price target on shares of Randgold Resources in a research note on Thursday, October 19th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 7,400 ($102.24) price target on shares of Randgold Resources in a research note on Thursday, November 2nd. Finally, Barclays dropped their price objective on Randgold Resources from GBX 8,000 ($110.53) to GBX 7,850 ($108.46) and set an “overweight” rating for the company in a report on Monday, January 8th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 7,784.71 ($107.55).
Randgold Resources (RRS) opened at GBX 6,164 ($85.16) on Tuesday. Randgold Resources has a one year low of GBX 5,976 ($82.56) and a one year high of GBX 8,255 ($114.05). The stock has a market capitalization of $5,800.00 and a price-to-earnings ratio of 2,893.90.
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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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