Randgold Resources (LON:RRS) had its target price dropped by stock analysts at Morgan Stanley from GBX 7,230 ($99.89) to GBX 7,140 ($98.65) in a research report issued on Thursday. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 11.60% from the company’s current price.
Several other equities research analysts have also recently issued reports on the company. Numis Securities reaffirmed a “buy” rating and issued a GBX 9,000 ($124.34) target price on shares of Randgold Resources in a report on Friday, December 15th. JPMorgan Chase & Co. reduced their target price on Randgold Resources from GBX 7,100 ($98.09) to GBX 7,000 ($96.71) and set a “neutral” rating on the stock in a report on Thursday, January 11th. HSBC raised Randgold Resources to a “buy” rating and reduced their target price for the stock from GBX 7,800 ($107.76) to GBX 7,700 ($106.38) in a report on Thursday, February 8th. Jefferies Group reaffirmed a “buy” rating and issued a GBX 9,000 ($124.34) target price on shares of Randgold Resources in a report on Thursday, October 19th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a GBX 7,160 ($98.92) target price on shares of Randgold Resources in a report on Tuesday, January 30th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 7,748.89 ($107.06).
Shares of Randgold Resources (LON:RRS) opened at GBX 6,398 ($88.39) on Thursday. The company has a market capitalization of $5,990.00 and a PE ratio of 3,003.76. Randgold Resources has a twelve month low of GBX 5,976 ($82.56) and a twelve month high of GBX 8,255 ($114.05).
WARNING: “Randgold Resources (RRS) PT Lowered to GBX 7,140 at Morgan Stanley” was published by Markets Daily and is the sole property of of Markets Daily. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.themarketsdaily.com/2018/02/15/randgold-resources-rrs-pt-lowered-to-gbx-7140-at-morgan-stanley.html.
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).
Receive News & Ratings for Randgold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Randgold Resources and related companies with MarketBeat.com's FREE daily email newsletter.