Panmure Gordon Boosts Randgold Resources Limited (RRS) Price Target to GBX 6,930
Randgold Resources Limited (LON:RRS) had its price objective lifted by equities researchers at Panmure Gordon from GBX 6,495 ($85.67) to GBX 6,930 ($91.41) in a research note issued on Monday. The brokerage currently has a “hold” rating on the stock. Panmure Gordon’s target price points to a potential downside of 2.39% from the company’s previous close.
Other analysts also recently issued reports about the company. Investec reaffirmed a “buy” rating and issued a GBX 8,194 ($108.09) target price on shares of Randgold Resources Limited in a research note on Wednesday, June 21st. Jefferies Group LLC raised their target price on Randgold Resources Limited from GBX 8,700 ($114.76) to GBX 9,000 ($118.72) and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Beaufort Securities reaffirmed a “buy” rating and issued a GBX 8,000 ($105.53) target price on shares of Randgold Resources Limited in a research note on Friday, May 5th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 9,000 ($118.72) target price on shares of Randgold Resources Limited in a research note on Friday. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a GBX 8,000 ($105.53) target price on shares of Randgold Resources Limited in a research note on Monday, April 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. Randgold Resources Limited currently has an average rating of “Buy” and an average price target of GBX 7,681.41 ($101.32).
Randgold Resources Limited (LON:RRS) traded up 1.83% on Monday, reaching GBX 7230.00. 332,309 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of GBX 6,962.07 and a 200 day moving average price of GBX 7,100.54. Randgold Resources Limited has a one year low of GBX 5,410.00 and a one year high of GBX 9,155.00. The firm’s market cap is GBX 6.80 billion.
COPYRIGHT VIOLATION WARNING: This news story was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/08/07/panmure-gordon-boosts-randgold-resources-limited-rrs-price-target-to-gbx-6930.html.
In related news, insider Graham Shuttleworth sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of GBX 7,697 ($101.53), for a total transaction of £538,790 ($710,710.99). Also, insider D Mark Bristow sold 50,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of GBX 7,244 ($95.55), for a total value of £3,622,000 ($4,777,733.81).
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).
Receive News & Ratings for Randgold Resources Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Randgold Resources Limited and related companies with MarketBeat.com's FREE daily email newsletter.