Randgold Resources (RRS) Price Target Cut to GBX 7,000 by Analysts at JPMorgan Chase & Co.

Randgold Resources (LON:RRS) had its target price dropped by JPMorgan Chase & Co. from GBX 7,100 ($96.28) to GBX 7,000 ($94.93) in a report issued on Thursday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential downside of 3.82% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on RRS. Royal Bank of Canada raised Randgold Resources to a “sector performer” rating and raised their target price for the company from GBX 5,800 ($78.65) to GBX 6,600 ($89.50) in a report on Monday, December 4th. Barclays reduced their target price on Randgold Resources from GBX 8,000 ($108.49) to GBX 7,850 ($106.46) and set an “overweight” rating on the stock in a report on Monday. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 7,400 ($100.35) target price on shares of Randgold Resources in a report on Thursday, November 2nd. Jefferies Group reaffirmed a “buy” rating and issued a GBX 9,000 ($122.05) target price on shares of Randgold Resources in a report on Thursday, October 19th. Finally, Numis Securities reaffirmed a “buy” rating and issued a GBX 9,000 ($122.05) target price on shares of Randgold Resources in a report on Monday, September 25th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 7,691.11 ($104.30).

Shares of Randgold Resources (LON RRS) opened at GBX 7,278 ($98.70) on Thursday. The stock has a market capitalization of $6,860.00 and a P/E ratio of 3,323.29. Randgold Resources has a 12-month low of GBX 6,320 ($85.71) and a 12-month high of GBX 8,255 ($111.95).

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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).

Analyst Recommendations for Randgold Resources (LON:RRS)

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