Randgold Resources (RRS) Earns “Buy” Rating from UBS Group

Randgold Resources (LON:RRS)‘s stock had its “buy” rating reaffirmed by investment analysts at UBS Group in a note issued to investors on Tuesday, www.digitallook.com reports. They currently have a GBX 6,000 ($78.16) price target on the stock. UBS Group’s price target indicates a potential upside of 9.85% from the company’s current price.

Several other equities research analysts have also issued reports on RRS. Morgan Stanley reaffirmed an “overweight” rating on shares of Randgold Resources in a report on Friday, June 29th. Royal Bank of Canada decreased their price target on shares of Randgold Resources from GBX 4,900 ($63.83) to GBX 4,500 ($58.62) and set an “underperform” rating on the stock in a report on Tuesday, September 18th. Numis Securities raised shares of Randgold Resources to an “add” rating in a report on Tuesday. BMO Capital Markets reaffirmed an “outperform” rating and set a GBX 7,000 ($91.18) price target on shares of Randgold Resources in a report on Thursday, August 9th. Finally, Barclays decreased their price target on shares of Randgold Resources from GBX 7,000 ($91.18) to GBX 6,350 ($82.71) and set an “overweight” rating on the stock in a report on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 7,042.31 ($91.73).

Shares of Randgold Resources stock traded up GBX 242 ($3.15) during midday trading on Tuesday, hitting GBX 5,462 ($71.15). 1,123,961 shares of the company traded hands, compared to its average volume of 618,212. Randgold Resources has a 12 month low of GBX 5,760 ($75.03) and a 12 month high of GBX 8,255 ($107.53).

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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Analyst Recommendations for Randgold Resources (LON:RRS)

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