Randgold Resources Limited (RRS) Earns Buy Rating from Investec
Randgold Resources Limited (LON:RRS)‘s stock had its “buy” rating reissued by stock analysts at Investec in a research report issued to clients and investors on Wednesday. They currently have a GBX 8,194 ($104.40) target price on the stock. Investec’s price target points to a potential upside of 16.47% from the stock’s previous close.
RRS has been the topic of a number of other reports. Panmure Gordon downgraded Randgold Resources Limited to a “hold” rating and cut their price objective for the company from GBX 8,309 ($105.86) to GBX 6,495 ($82.75) in a research note on Monday, May 8th. Jefferies Group LLC reissued a “buy” rating and issued a GBX 9,000 ($114.66) price objective on shares of Randgold Resources Limited in a research note on Friday, May 5th. J P Morgan Chase & Co raised their price objective on Randgold Resources Limited from GBX 8,000 ($101.92) to GBX 8,100 ($103.20) and gave the company an “overweight” rating in a research note on Friday, May 5th. Beaufort Securities reissued a “buy” rating and issued a GBX 8,000 ($101.92) price objective on shares of Randgold Resources Limited in a research note on Friday, May 5th. Finally, Royal Bank Of Canada downgraded Randgold Resources Limited to an “underperform” rating and cut their price objective for the company from GBX 6,000 ($76.44) to GBX 5,900 ($75.17) in a research note on Wednesday, March 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. Randgold Resources Limited has an average rating of “Buy” and an average target price of GBX 7,528.69 ($95.92).
Randgold Resources Limited (LON RRS) traded down 0.36% during trading on Wednesday, reaching GBX 7010.00. The company’s stock had a trading volume of 273,488 shares. The firm’s market capitalization is GBX 6.59 billion. The stock’s 50-day moving average is GBX 7,211.81 and its 200 day moving average is GBX 6,914.86. Randgold Resources Limited has a 52-week low of GBX 5,410.00 and a 52-week high of GBX 9,820.00.
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In other news, insider Safiatou Francoise Ba-N’Dawrrs acquired 32 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were bought at an average price of GBX 7,250 ($92.37) per share, with a total value of £2,320 ($2,955.79). Also, insider Graham Shuttleworth sold 7,000 shares of Randgold Resources Limited stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of GBX 7,697 ($98.06), for a total value of £538,790 ($686,444.13).
Randgold Resources Limited Company Profile
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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