Randgold Resources (RRS) Earns “Buy” Rating from Numis Securities
Randgold Resources (LON:RRS)‘s stock had its “buy” rating reiterated by Numis Securities in a research note issued on Friday. They currently have a GBX 9,000 ($121.13) price objective on the stock. Numis Securities’ target price points to a potential upside of 30.62% from the stock’s previous close.
Several other analysts have also recently weighed in on the stock. Citigroup raised shares of Randgold Resources to a “buy” rating in a research note on Tuesday, December 5th. Royal Bank of Canada raised shares of Randgold Resources to a “sector performer” rating and increased their price target for the company from GBX 5,800 ($78.06) to GBX 6,600 ($88.83) in a research note on Monday, December 4th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 8,300 ($111.71) price target on shares of Randgold Resources in a research note on Monday, November 6th. Investec reissued a “buy” rating and issued a GBX 9,000 ($121.13) price target on shares of Randgold Resources in a research note on Friday, November 3rd. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 7,400 ($99.60) price objective on shares of Randgold Resources in a research report on Thursday, November 2nd. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 7,771.67 ($104.60).
Shares of Randgold Resources (RRS) opened at GBX 6,890 ($92.73) on Friday. Randgold Resources has a one year low of GBX 5,410 ($72.81) and a one year high of GBX 8,255 ($111.10).
About Randgold Resources
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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