Randgold Resources Limited (RRS) Given Average Recommendation of “Buy” by Analysts

Shares of Randgold Resources Limited (LON:RRS) have been assigned a consensus rating of “Buy” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 6,651.25 ($86.91).

RRS has been the topic of several recent research reports. Royal Bank of Canada restated an “underperform” rating on shares of Randgold Resources in a research report on Wednesday, July 11th. Barclays decreased their target price on shares of Randgold Resources from GBX 7,000 ($91.47) to GBX 6,350 ($82.97) and set an “overweight” rating on the stock in a research report on Wednesday, July 18th. BMO Capital Markets restated an “outperform” rating and set a GBX 7,000 ($91.47) target price on shares of Randgold Resources in a research report on Thursday, August 9th. Numis Securities cut shares of Randgold Resources to a “hold” rating and decreased their target price for the company from GBX 8,000 ($104.53) to GBX 6,000 ($78.40) in a research report on Friday, August 10th. Finally, UBS Group upgraded shares of Randgold Resources to a “buy” rating and set a GBX 6,000 ($78.40) target price on the stock in a research report on Wednesday, August 29th.

RRS opened at GBX 6,406 ($83.71) on Tuesday. Randgold Resources has a 52 week low of GBX 5,760 ($75.26) and a 52 week high of GBX 8,255 ($107.87).

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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Analyst Recommendations for Randgold Resources (LON:RRS)

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