Analysts Set Randgold Resources Limited (RRS) PT at $7,412.46

Randgold Resources Limited (LON:RRS) has been assigned an average rating of “Buy” from the sixteen analysts that are currently covering the stock. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 7,477.67 ($96.52).

RRS has been the topic of a number of research reports. Jefferies Group LLC upped their price target on Randgold Resources Limited from GBX 8,700 ($112.30) to GBX 9,000 ($116.17) and gave the stock a “buy” rating in a report on Tuesday, April 18th. Deutsche Bank AG cut Randgold Resources Limited to a “hold” rating and lowered their price target for the stock from GBX 7,400 ($95.52) to GBX 7,100 ($91.65) in a report on Friday, March 17th. Barclays PLC restated an “overweight” rating and issued a GBX 8,000 ($103.27) price target on shares of Randgold Resources Limited in a report on Wednesday, May 3rd. Goldman Sachs Group Inc restated a “neutral” rating and issued a GBX 8,000 ($103.27) price target on shares of Randgold Resources Limited in a report on Monday, April 24th. Finally, Royal Bank of Canada cut Randgold Resources Limited to an “underperform” rating and lowered their price target for the stock from GBX 6,000 ($77.45) to GBX 5,900 ($76.16) in a report on Wednesday, March 8th.

In related news, insider D Mark Bristow sold 50,000 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of GBX 7,244 ($93.51), for a total value of £3,622,000 ($4,675,358.20).

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Randgold Resources Limited (LON:RRS) traded up 0.48% during trading on Tuesday, hitting GBX 7310.00. The stock had a trading volume of 677,903 shares. The firm’s market cap is GBX 6.87 billion. Randgold Resources Limited has a 12-month low of GBX 5,410.00 and a 12-month high of GBX 9,820.00. The stock’s 50 day moving average price is GBX 7,085.14 and its 200 day moving average price is GBX 6,742.94.

About Randgold Resources Limited

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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