Randgold Resources (LON:RRS) was upgraded by investment analysts at Royal Bank Of Canada to a “sector performer” rating in a research report issued on Monday. The firm currently has a GBX 6,600 ($88.83) price target on the stock, up from their previous price target of GBX 5,800 ($78.06). Royal Bank Of Canada’s price target indicates a potential downside of 2.37% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. Panmure Gordon upped their price target on Randgold Resources from GBX 6,495 ($87.42) to GBX 6,930 ($93.27) and gave the stock a “hold” rating in a research note on Monday, August 7th. upped their price target on Randgold Resources from GBX 6,550 ($88.16) to GBX 7,800 ($104.98) and gave the stock a “hold” rating in a research note on Tuesday, August 22nd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 7,400 ($99.60) price target on shares of Randgold Resources in a research note on Thursday, November 2nd. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 8,300 ($111.71) price target on shares of Randgold Resources in a research note on Monday, November 6th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a GBX 9,000 ($121.13) price target on shares of Randgold Resources in a research note on Thursday, October 19th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 7,771.67 ($104.60).
Shares of Randgold Resources (LON RRS) opened at GBX 6,760 ($90.98) on Monday. Randgold Resources has a 12 month low of GBX 5,410 ($72.81) and a 12 month high of GBX 8,255 ($111.10).
Randgold Resources 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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