Randgold Resources Limited (RRS) Price Target Increased to GBX 8,300 by Analysts at Barclays PLC
Randgold Resources Limited (LON:RRS) had its price target lifted by investment analysts at Barclays PLC from GBX 6,300 ($82.23) to GBX 8,300 ($108.34) in a research note issued on Wednesday. The firm presently has an “overweight” rating on the stock. Barclays PLC’s price target suggests a potential upside of 10.08% from the stock’s previous close.
A number of other brokerages have also commented on RRS. Deutsche Bank AG restated a “hold” rating on shares of Randgold Resources Limited in a research report on Tuesday, July 12th. JPMorgan Chase & Co. raised their price objective on Randgold Resources Limited from GBX 6,500 ($84.85) to GBX 7,200 ($93.98) and gave the stock a “neutral” rating in a research report on Tuesday, July 5th. Jefferies Group upgraded Randgold Resources Limited to a “buy” rating in a research report on Thursday, July 14th. Canaccord Genuity restated a “hold” rating on shares of Randgold Resources Limited in a research report on Thursday, August 4th. Finally, Panmure Gordon lowered Randgold Resources Limited to a “hold” rating and set a GBX 6,750 ($88.11) price objective for the company. in a research report on Thursday, August 4th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. Randgold Resources Limited currently has an average rating of “Hold” and a consensus price target of GBX 6,489.45 ($84.71).
Randgold Resources Limited (LON:RRS) opened at 7619.9995 on Wednesday. The stock’s 50 day moving average price is GBX 7,970.00 and its 200 day moving average price is GBX 7,212.96. The stock’s market capitalization is GBX 7.14 billion. Randgold Resources Limited has a 1-year low of GBX 3,710.00 and a 1-year high of GBX 9,820.00.
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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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