Randgold Resources Limited (RRS) Given “Buy” Rating at Panmure Gordon

Panmure Gordon restated their buy rating on shares of Randgold Resources Limited (LON:RRS) in a research report report published on Thursday, May 4th. The firm currently has a GBX 8,309 ($107.25) price target on the stock.

A number of other research analysts have also commented on RRS. 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 Wednesday, January 18th. Berenberg Bank upgraded shares of Randgold Resources Limited to a buy rating and raised their price objective for the company from GBX 7,190 ($92.81) to GBX 7,400 ($95.52) in a research note on Friday, January 13th. Jefferies Group LLC lowered their price objective on shares of Randgold Resources Limited from GBX 9,500 ($122.63) to GBX 8,700 ($112.30) and set a buy rating on the stock in a research note on Tuesday, January 10th. 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, Goldman Sachs Group Inc reiterated a buy rating and set a £115 ($148.44) price objective on shares of Randgold Resources Limited in a research note on Tuesday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The company 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% during trading on Thursday, hitting GBX 7310.00. 677,903 shares of the stock were exchanged. Randgold Resources Limited has a 52 week low of GBX 5,410.00 and a 52 week high of GBX 9,820.00. The firm has a 50 day moving average price of GBX 7,085.14 and a 200 day moving average price of GBX 6,742.94. The firm’s market capitalization is GBX 6.87 billion.

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In related news, insider D Mark Bristow sold 50,000 shares of the company’s stock in a transaction dated 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).

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).

12 Month Chart for LON:RRS

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