Randgold Resources Limited’s (RRS) “Buy” Rating Reiterated at Berenberg Bank
Randgold Resources Limited (LON:RRS)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research note issued on Thursday. They presently have a GBX 7,400 ($97.65) target price on the stock. Berenberg Bank’s price target indicates a potential upside of 0.07% from the stock’s previous close.
A number of other research analysts also recently weighed in on the stock. Barclays PLC restated an “overweight” rating and set a GBX 8,000 ($105.57) price target on shares of Randgold Resources Limited in a report on Tuesday, October 24th. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 9,000 ($118.76) target price on shares of Randgold Resources Limited in a report on Thursday, October 19th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 9,000 ($118.76) target price on shares of Randgold Resources Limited in a report on Monday, September 25th. J P Morgan Chase & Co lifted their target price on shares of Randgold Resources Limited from GBX 8,300 ($109.53) to GBX 8,400 ($110.85) and gave the stock an “overweight” rating in a report on Tuesday, September 5th. Finally, HSBC Holdings plc lifted their target price on shares of Randgold Resources Limited from GBX 6,550 ($86.43) to GBX 7,800 ($102.93) and gave the stock a “hold” rating in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 7,693.56 ($101.52).
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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