Randgold Resources Limited’s (RRS) not rated Rating Reiterated at Shore Capital
Randgold Resources Limited (LON:RRS)‘s stock had its “not rated” rating reiterated by investment analysts at Shore Capital in a note issued to investors on Thursday.
A number of other equities research analysts also recently commented on the stock. Investec reaffirmed a “buy” rating and issued a GBX 8,194 ($104.22) target price on shares of Randgold Resources Limited in a research report on Wednesday, June 21st. Macquarie lifted their price target on shares of Randgold Resources Limited from GBX 8,300 ($105.57) to GBX 8,500 ($108.11) and gave the stock an “outperform” rating in a research note on Thursday, June 8th. J P Morgan Chase & Co lifted their price target on shares of Randgold Resources Limited from GBX 8,100 ($103.03) to GBX 8,300 ($105.57) and gave the stock an “overweight” rating in a research note on Monday, June 5th. Goldman Sachs Group, Inc. (The) dropped their price target on shares of Randgold Resources Limited from GBX 8,000 ($101.76) to GBX 7,700 ($97.94) and set a “neutral” rating on the stock in a research note on Tuesday, May 23rd. Finally, BNP Paribas initiated coverage on shares of Randgold Resources Limited in a research note on Thursday, May 18th. They set an “outperform” rating and a GBX 8,100 ($103.03) price target on the stock. One research 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’s stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 7,528.69 ($95.76).
Randgold Resources Limited (RRS) traded down 2.65% during trading on Thursday, reaching GBX 6785.00. The company had a trading volume of 574,050 shares. The firm’s market capitalization is GBX 6.38 billion. The firm’s 50 day moving average price is GBX 7,250.99 and its 200 day moving average price is GBX 6,965.22. Randgold Resources Limited has a 12-month low of GBX 5,410.00 and a 12-month high of GBX 9,820.00.
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In other news, insider D Mark Bristow sold 50,000 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of GBX 7,244 ($92.14), for a total value of £3,622,000 ($4,606,970.24). Also, insider Safiatou Francoise Ba-N’Dawrrs bought 32 shares of Randgold Resources Limited stock in a transaction dated Friday, May 26th. The stock was acquired at an average price of GBX 7,250 ($92.22) per share, for a total transaction of £2,320 ($2,950.90).
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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