Randgold Resources (RRS) Rating Increased to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Randgold Resources (LON:RRS) to an overweight rating in a report published on Friday.

A number of other research firms have also recently commented on RRS. Morgan Stanley lowered their price target on Randgold Resources from GBX 7,230 ($96.26) to GBX 7,140 ($95.06) and set an overweight rating for the company in a report on Thursday, February 15th. HSBC raised Randgold Resources to a buy rating and lowered their price target for the stock from GBX 7,800 ($103.85) to GBX 7,700 ($102.52) in a report on Thursday, February 8th. Canaccord Genuity lowered their price target on Randgold Resources from GBX 7,500 ($99.85) to GBX 7,000 ($93.20) and set a buy rating for the company in a report on Tuesday, March 13th. Numis Securities cut Randgold Resources to a hold rating and set a GBX 6,000 ($79.88) price target for the company. in a report on Wednesday, May 2nd. Finally, Royal Bank of Canada cut Randgold Resources to an underperform rating and lowered their price target for the stock from GBX 6,600 ($87.87) to GBX 4,900 ($65.24) in a report on Wednesday, April 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of Buy and an average price target of GBX 7,321.54 ($97.48).

Randgold Resources stock opened at GBX 5,842 ($77.78) on Friday. Randgold Resources has a 52 week low of GBX 5,760 ($76.69) and a 52 week high of GBX 8,255 ($109.91).

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).

Analyst Recommendations for Randgold Resources (LON:RRS)

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