Randgold Resources (RRS) Stock Rating Reaffirmed by JPMorgan Chase & Co.

Randgold Resources (LON:RRS)‘s stock had its “neutral” rating reissued by JPMorgan Chase & Co. in a research note issued to investors on Wednesday. They currently have a GBX 7,000 ($94.93) target price on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential downside of 1.82% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Numis Securities reaffirmed a “buy” rating and issued a GBX 9,000 ($122.05) target price on shares of Randgold Resources in a research report on Friday, December 15th. Citigroup upgraded Randgold Resources to a “buy” rating in a research note on Tuesday, December 5th. Investec reiterated a “buy” rating and issued a GBX 9,000 ($122.05) price objective on shares of Randgold Resources in a research note on Friday, November 3rd. Berenberg Bank reiterated a “buy” rating and issued a GBX 7,400 ($100.35) price objective on shares of Randgold Resources in a research note on Thursday, November 2nd. Finally, Jefferies Group reiterated a “buy” rating and issued a GBX 9,000 ($122.05) price objective on shares of Randgold Resources in a research note on Thursday, October 19th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 7,691.11 ($104.30).

Randgold Resources (LON RRS) traded down GBX 68 ($0.92) during midday trading on Wednesday, reaching GBX 7,130 ($96.69). The company’s stock had a trading volume of 612,562 shares, compared to its average volume of 389,703. The firm has a market cap of $6,660.00 and a P/E ratio of 3,444.44. Randgold Resources has a 52 week low of GBX 6,320 ($85.71) and a 52 week high of GBX 8,255 ($111.95).

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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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