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

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

RRS stock traded up GBX 86 ($1.21) during mid-day trading on Friday, reaching 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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A number of equities research analysts have issued reports on RRS shares. Numis Securities reaffirmed 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. Barclays cut their target price on Randgold Resources from GBX 8,000 ($112.30) to GBX 7,850 ($110.19) and set an “overweight” rating on the stock in a research report on Monday, January 8th. JPMorgan Chase cut their target price on Randgold Resources from GBX 7,100 ($99.66) to GBX 7,000 ($98.26) and set a “neutral” rating on the stock in a research report on Thursday, January 11th. Credit Suisse Group reissued a “neutral” rating and set a GBX 7,160 ($100.51) target price on shares of Randgold Resources in a research report on Tuesday, January 30th. Finally, HSBC raised Randgold Resources to a “buy” rating and cut their target price for the stock from GBX 7,800 ($109.49) to GBX 7,700 ($108.09) in a research report on Thursday, February 8th. One investment 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 stock currently has an average rating of “Buy” and a consensus target price of GBX 7,616.47 ($106.91).

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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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