Randgold Resources (RRS) Declares Dividend Increase – $2.00 Per Share

Randgold Resources (LON:RRS) declared a dividend on Monday, February 5th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, March 22nd will be paid a dividend of $2.00 per share on Friday, May 18th. This represents a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, March 22nd. This is a boost from Randgold Resources’s previous dividend of $1.00. The official announcement can be seen at this link.

RRS stock traded up GBX 86 ($1.21) during trading on Friday, hitting GBX 5,658 ($79.42). The company had a trading volume of 509,728 shares, compared to its average volume of 618,212. Randgold Resources has a fifty-two week low of GBX 5,760 ($80.85) and a fifty-two week high of GBX 8,255 ($115.88).

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Several equities research analysts recently weighed in on the stock. Morgan Stanley reduced their price objective on shares of Randgold Resources from GBX 7,230 ($101.49) to GBX 7,140 ($100.22) and set an “overweight” rating for the company in a report on Thursday, February 15th. Numis Securities reiterated a “buy” rating and issued a GBX 9,000 ($126.33) price target on shares of Randgold Resources in a research report on Friday, December 15th. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 7,160 ($100.51) price target on shares of Randgold Resources in a research report on Tuesday, January 30th. Royal Bank of Canada cut shares of Randgold Resources to an “underperform” rating and dropped their price target for the stock from GBX 6,600 ($92.64) to GBX 4,900 ($68.78) in a research report on Wednesday. Finally, JPMorgan Chase reiterated a “neutral” rating and issued a GBX 7,000 ($98.26) price target on shares of Randgold Resources in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 7,616.47 ($106.91).

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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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