Macquarie Reaffirms “Outperform” Rating for Randgold Resources Limited (RRS)
Randgold Resources Limited (LON:RRS)‘s stock had its “outperform” rating reiterated by research analysts at Macquarie in a research note issued on Monday.
RRS has been the subject of a number of other reports. JPMorgan Chase & Co. upped their price objective on shares of Randgold Resources Limited from GBX 7,300 ($88.97) to GBX 7,850 ($95.67) and gave the stock a “neutral” rating in a report on Monday, August 15th. Deutsche Bank AG upped their price target on shares of Randgold Resources Limited from GBX 5,560 ($67.76) to GBX 6,700 ($81.66) and gave the company a “hold” rating in a report on Sunday, June 26th. Credit Suisse Group AG decreased their price target on shares of Randgold Resources Limited to GBX 8,300 ($101.16) and set a “neutral” rating for the company in a report on Friday, August 5th. Berenberg Bank assumed coverage on shares of Randgold Resources Limited in a report on Wednesday, September 7th. They set a “hold” rating and a GBX 7,190 ($87.63) price target for the company. Finally, Morgan Stanley cut shares of Randgold Resources Limited to an “underweight” rating and upped their price target for the company from GBX 5,750 ($70.08) to GBX 6,860 ($83.61) in a report on Tuesday, July 26th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. Randgold Resources Limited currently has a consensus rating of “Hold” and a consensus price target of GBX 6,591.70 ($80.34).
Randgold Resources Limited (LON:RRS) opened at 6820.00 on Monday. Randgold Resources Limited has a 52 week low of GBX 3,870.00 and a 52 week high of GBX 9,820.00. The firm’s market capitalization is GBX 6.39 billion. The firm has a 50-day moving average price of GBX 7,421.29 and a 200-day moving average price of GBX 7,339.68.
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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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