Randgold Resources (RRS) Stock Price Up 8.4%

Randgold Resources Limited (LON:RRS) rose 8.4% during trading on Thursday . The company traded as high as GBX 5,786 ($75.60) and last traded at GBX 5,706 ($74.56). Approximately 1,109,239 shares changed hands during mid-day trading, an increase of 79% from the average daily volume of 618,212 shares. The stock had previously closed at GBX 5,266 ($68.81).

Several research analysts recently issued reports on RRS shares. Numis Securities cut shares of Randgold Resources to a “hold” rating and cut their price target for the stock from GBX 8,000 ($104.53) to GBX 6,000 ($78.40) in a report on Friday, August 10th. UBS Group raised shares of Randgold Resources to a “buy” rating and set a GBX 6,000 ($78.40) price target for the company in a report on Wednesday, August 29th. Royal Bank of Canada reissued an “underperform” rating on shares of Randgold Resources in a report on Wednesday, July 11th. Barclays cut their price target on shares of Randgold Resources from GBX 7,000 ($91.47) to GBX 6,350 ($82.97) and set an “overweight” rating for the company in a report on Wednesday, July 18th. Finally, BMO Capital Markets reissued an “outperform” rating and set a GBX 7,000 ($91.47) price target on shares of Randgold Resources in a report on Thursday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. Randgold Resources presently has a consensus rating of “Buy” and a consensus target price of GBX 7,042.31 ($92.02).

About Randgold Resources (LON:RRS)

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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