Shares of Randgold Resources Limited (LON:RRS) have been assigned an average recommendation of “Buy” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 6,370 ($83.24).
RRS has been the topic of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 7,000 ($91.47) price objective (down previously from GBX 9,000 ($117.60)) on shares of Randgold Resources in a research report on Wednesday, October 17th. JPMorgan Chase & Co. reduced their price objective on shares of Randgold Resources from GBX 6,256 ($81.75) to GBX 6,240 ($81.54) and set a “neutral” rating on the stock in a research report on Monday, November 19th. Finally, Royal Bank of Canada upgraded shares of Randgold Resources to a “sector performer” rating and lifted their price objective for the company from GBX 4,500 ($58.80) to GBX 5,000 ($65.33) in a research report on Wednesday, October 31st.
Randgold Resources stock opened at GBX 6,546 ($85.54) on Thursday. Randgold Resources has a 1 year low of GBX 5,760 ($75.26) and a 1 year 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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