Randgold Resources Limited (LON:RRS) Given Average Rating of “Buy” by Brokerages
Randgold Resources Limited (LON:RRS) has been given a consensus recommendation of “Buy” by the eighteen research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 7,681.41 ($100.03).
RRS has been the topic of a number of recent research reports. Jefferies Group LLC lifted their target price on Randgold Resources Limited from GBX 8,700 ($113.30) to GBX 9,000 ($117.20) and gave the company a “buy” rating in a research report on Tuesday, April 18th. Panmure Gordon reissued a “buy” rating and set a GBX 8,309 ($108.20) price target on shares of Randgold Resources Limited in a research report on Thursday, May 4th. Beaufort Securities reissued a “buy” rating and set a GBX 8,000 ($104.18) price target on shares of Randgold Resources Limited in a research report on Friday, May 5th. Investec reissued a “buy” rating and set a GBX 8,194 ($106.71) price target on shares of Randgold Resources Limited in a research report on Wednesday, June 21st. Finally, Numis Securities Ltd reissued a “buy” rating and set a GBX 9,000 ($117.20) price target on shares of Randgold Resources Limited in a research report on Friday, August 4th.
In related news, insider Graham Shuttleworth sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of GBX 7,697 ($100.23), for a total value of £538,790 ($701,640.84). Also, insider Safiatou Francoise Ba-N’Dawrrs purchased 32 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was bought at an average price of GBX 7,250 ($94.41) per share, with a total value of £2,320 ($3,021.23).
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Shares of Randgold Resources Limited (LON:RRS) opened at 7475.00 on Friday. The stock’s 50 day moving average price is GBX 6,983.10 and its 200 day moving average price is GBX 7,124.66. Randgold Resources Limited has a 1-year low of GBX 5,410.00 and a 1-year high of GBX 8,770.00. The company’s market cap is GBX 7.03 billion.
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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