Randgold Resources (LON:RRS) had its price objective reduced by Barclays from GBX 8,000 ($108.49) to GBX 7,850 ($106.46) in a report released on Monday morning. They currently have an overweight rating on the stock.
Other analysts have also recently issued research reports about the stock. Numis Securities 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, December 15th. 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. 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. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 8,300 ($112.56) price objective on shares of Randgold Resources in a research note on Monday, November 6th. Finally, Citigroup upgraded shares of Randgold Resources to a buy rating in a research note on Tuesday, December 5th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Randgold Resources presently has an average rating of Buy and an average target price of GBX 7,763.33 ($105.28).
Shares of Randgold Resources (RRS) opened at GBX 7,264 ($98.51) on Monday. Randgold Resources has a 12 month low of GBX 6,320 ($85.71) and a 12 month high of GBX 8,255 ($111.95). The firm has a market cap of $6,850.00 and a PE ratio of 3,316.89.
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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