JPMorgan Chase & Co. Reiterates “Overweight” Rating for Randgold Resources Ltd (RRS)
Randgold Resources Ltd (LON:RRS)‘s stock had its “overweight” rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued on Thursday, Stock Ratings Network reports. They currently have a GBX 6,130 ($95.84) price objective on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 32.86% from the company’s current price.
A number of other analysts have also recently weighed in on RRS. Analysts at Investec raised their price target on shares of Randgold Resources Ltd (LON:RRS) from GBX 4,981 ($77.88) to GBX 5,018 ($78.46) in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Randgold Resources Ltd (LON:RRS) in a research note to investors on Monday, September 2nd. They now have a GBX 5,900 ($92.25) price target on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Randgold Resources Ltd (LON:RRS) in a research note to investors on Wednesday, August 28th. They now have a GBX 4,370 ($68.32) price target on the stock.
Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 4,326.01 ($67.64).
Randgold Resources Ltd (LON:RRS) traded down 2.71% on Thursday, hitting GBX 4489.00. 635,897 shares of the company’s stock traded hands. The stock’s 50-day moving average is GBX 4891.41 and its 200-day moving average is GBX 4954.. The company’s market cap is £4.139 billion.
Randgold Resources Limited is engaged in gold mining, exploration and related activities. The Company’s activities are focused on West and Central Africa.
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