Randgold Resources (LON:RRS) was upgraded by equities researchers at Royal Bank of Canada to a “sector performer” rating in a research report issued to clients and investors on Monday, December 4th, MarketBeat reports. The brokerage presently has a GBX 6,600 ($88.25) price objective on the stock, up from their previous price objective of GBX 5,800 ($77.55). Royal Bank of Canada’s target price indicates a potential downside of 7.50% from the company’s previous close.

Several other analysts have also commented on the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 8,300 ($110.98) price target on shares of Randgold Resources in a research note on Monday, November 6th. Investec reaffirmed a “buy” rating and issued a GBX 9,000 ($120.34) price target on shares of Randgold Resources in a research note on Friday, November 3rd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 7,400 ($98.94) price target on shares of Randgold Resources in a research note on Thursday, November 2nd. Barclays reaffirmed an “overweight” rating and issued a GBX 8,000 ($106.97) price target on shares of Randgold Resources in a research note on Tuesday, October 24th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a GBX 9,000 ($120.34) price target on shares of Randgold Resources in a research note on Thursday, October 19th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Randgold Resources has a consensus rating of “Buy” and a consensus target price of GBX 7,771.67 ($103.91).

Shares of Randgold Resources (LON RRS) remained flat at $GBX 7,135 ($95.40) during trading hours on Monday. Randgold Resources has a 1-year low of GBX 5,750 ($76.88) and a 1-year high of GBX 8,255 ($110.38). The company has a market cap of $6,720.00 and a PE ratio of 3,228.51.

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Randgold Resources 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).

Analyst Recommendations for Randgold Resources (LON:RRS)

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