Randgold Resources Limited (RRS) Receives Consensus Rating of “Buy” from Analysts
Shares of Randgold Resources Limited (LON:RRS) have received a consensus rating of “Buy” from the sixteen brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 7,528.69 ($95.92).
A number of research analysts have recently commented on RRS shares. Panmure Gordon reaffirmed a “buy” rating and set a GBX 8,309 ($105.86) price objective on shares of Randgold Resources Limited in a research report on Thursday, May 4th. Jefferies Group LLC upped their target price on shares of Randgold Resources Limited from GBX 8,700 ($110.84) to GBX 9,000 ($114.66) and gave the company a “buy” rating in a research note on Tuesday, April 18th. Beaufort Securities reissued a “buy” rating and issued a GBX 8,000 ($101.92) target price on shares of Randgold Resources Limited in a research note on Friday, May 5th. Investec reissued a “buy” rating and issued a GBX 8,194 ($104.40) target price on shares of Randgold Resources Limited in a research note on Wednesday. Finally, Deutsche Bank AG cut shares of Randgold Resources Limited to a “hold” rating and lowered their target price for the company from GBX 7,400 ($94.28) to GBX 7,100 ($90.46) in a research note on Friday, March 17th.
Randgold Resources Limited (LON:RRS) traded up 0.49% during trading on Friday, reaching GBX 7115.00. The company had a trading volume of 355,976 shares. The firm has a 50-day moving average price of GBX 7,205.95 and a 200 day moving average price of GBX 6,923.16. Randgold Resources Limited has a 12-month low of GBX 5,410.00 and a 12-month high of GBX 9,820.00. The stock’s market cap is GBX 6.69 billion.
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In other Randgold Resources Limited news, insider Safiatou Francoise Ba-N’Dawrrs acquired 32 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were acquired at an average cost of GBX 7,250 ($92.37) per share, for a total transaction of £2,320 ($2,955.79). Also, insider D Mark Bristow sold 50,000 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of GBX 7,244 ($92.29), for a total transaction of £3,622,000 ($4,614,600.59).
About Randgold Resources Limited
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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