Randgold Resources Limited (LON:RRS)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group LLC in a report released on Friday, May 5th. They presently have a GBX 9,000 ($116.17) price target on the stock. Jefferies Group LLC’s target price would suggest a potential upside of 23.71% from the company’s previous close.
A number of other equities research analysts have also issued reports on RRS. Canaccord Genuity restated a “hold” rating and issued a GBX 6,400 ($82.61) target price on shares of Randgold Resources Limited in a research note on Monday, February 6th. Credit Suisse Group AG reiterated a “neutral” rating and set a GBX 6,970 ($89.97) price objective on shares of Randgold Resources Limited in a research note on Tuesday, February 7th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 7,400 ($95.52) price objective on shares of Randgold Resources Limited in a research note on Tuesday, February 7th. Numis Securities Ltd reiterated a “buy” rating and set a GBX 8,000 ($103.27) price objective on shares of Randgold Resources Limited in a research note on Monday, January 30th. Finally, Macquarie reiterated an “outperform” rating and set a GBX 8,300 ($107.14) price objective on shares of Randgold Resources Limited in a research note on Monday, February 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 7,477.67 ($96.52).
Shares of Randgold Resources Limited (LON:RRS) traded up 0.48% on Friday, reaching GBX 7310.00. The company had a trading volume of 677,903 shares. Randgold Resources Limited has a 52 week low of GBX 5,410.00 and a 52 week high of GBX 9,820.00. The company’s market capitalization is GBX 6.87 billion. The company has a 50 day moving average of GBX 7,085.14 and a 200-day moving average of GBX 6,742.94.
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In related news, insider D Mark Bristow sold 50,000 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of GBX 7,244 ($93.51), for a total value of £3,622,000 ($4,675,358.20).
Randgold Resources Limited 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).
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