Randgold Resources Limited (RRS) Stock Rating Reaffirmed by Macquarie
Randgold Resources Limited (LON:RRS)‘s stock had its “outperform” rating reaffirmed by investment analysts at Macquarie in a research report issued on Tuesday.
Other research analysts have also issued reports about the stock. Numis Securities Ltd restated a ” hold” rating on shares of Randgold Resources Limited in a research note on Wednesday, July 20th. Jefferies Group upgraded shares of Randgold Resources Limited to a “buy” rating in a research note on Thursday, July 14th. Goldman Sachs Group Inc. restated a “buy” rating on shares of Randgold Resources Limited in a research note on Monday, June 27th. Investec upgraded shares of Randgold Resources Limited to a “buy” rating in a research note on Tuesday, July 19th. Finally, Canaccord Genuity upgraded shares of Randgold Resources Limited to a “buy” rating and set a GBX 8,590 ($112.13) price objective on the stock in a research note on Thursday, September 1st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 6,389.45 ($83.40).
Randgold Resources Limited (LON:RRS) opened at 7540.00 on Tuesday. The company’s market cap is GBX 7.06 billion. Randgold Resources Limited has a 1-year low of GBX 3,710.00 and a 1-year high of GBX 9,820.00. The stock has a 50 day moving average of GBX 7,970.00 and a 200-day moving average of GBX 7,212.96.
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About Randgold Resources Limited
Randgold Resources Limited is engaged in the 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 mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company holds Morila Limited, which holds interests in the Morila mine in Mali.
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