Randgold Resources Limited (RRS) Earns Buy Rating from Jefferies Group LLC
Randgold Resources Limited (LON:RRS)‘s stock had its “buy” rating reissued by Jefferies Group LLC in a note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a GBX 9,000 ($119.59) price objective on the stock. Jefferies Group LLC’s price objective would indicate a potential upside of 21.70% from the company’s previous close.
A number of other research analysts also recently commented on RRS. Investec reiterated a “buy” rating and set a GBX 8,194 ($108.88) price target on shares of Randgold Resources Limited in a research note on Wednesday, June 21st. Shore Capital reiterated a “not rated” rating on shares of Randgold Resources Limited in a research note on Thursday, June 29th. Barclays PLC reiterated an “overweight” rating and set a GBX 8,000 ($106.30) price target on shares of Randgold Resources Limited in a research note on Friday, July 14th. Credit Suisse Group raised their target price on shares of Randgold Resources Limited from GBX 6,970 ($92.61) to GBX 7,160 ($95.14) and gave the stock a “neutral” rating in a research note on Friday, August 4th. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 8,300 ($110.28) target price on shares of Randgold Resources Limited in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. Randgold Resources Limited presently has a consensus rating of “Buy” and a consensus target price of GBX 7,693.56 ($102.23).
Shares of Randgold Resources Limited (LON:RRS) traded down 1.27% on Thursday, reaching GBX 7395.00. The company had a trading volume of 367,231 shares. The stock’s 50 day moving average is GBX 7,580.00 and its 200 day moving average is GBX 7,269.67. Randgold Resources Limited has a 52 week low of GBX 5,410.00 and a 52 week high of GBX 8,255.00. The firm’s market capitalization is GBX 6.96 billion.
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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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