Randgold Resources Limited (LON:RRS) Receives GBX 6,385.86 Consensus Price Target from Analysts
Shares of Randgold Resources Limited (LON:RRS) have been assigned an average rating of “Hold” from the twenty analysts that are currently covering the stock. Three investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 6,385.86 ($83.36).
Several analysts recently weighed in on RRS shares. Goldman Sachs Group Inc. restated a “buy” rating on shares of Randgold Resources Limited in a research report on Thursday, August 11th. Deutsche Bank AG restated a “hold” rating on shares of Randgold Resources Limited in a research report on Monday, June 6th. Canaccord Genuity upgraded Randgold Resources Limited to a “buy” rating and set a GBX 8,590 ($112.13) price objective for the company in a research report on Thursday, September 1st. Barclays PLC upped their price objective on Randgold Resources Limited from GBX 6,300 ($82.23) to GBX 8,300 ($108.34) and gave the stock an “overweight” rating in a research report on Wednesday, September 21st. Finally, Panmure Gordon upped their price objective on Randgold Resources Limited from GBX 6,750 ($88.11) to GBX 6,892 ($89.96) and gave the stock a “hold” rating in a research report on Wednesday, August 10th.
Shares of Randgold Resources Limited (LON:RRS) opened at 7785.00 on Wednesday. The stock’s market capitalization is GBX 7.29 billion. Randgold Resources Limited has a 52-week low of GBX 3,837.00 and a 52-week high of GBX 9,820.00. The stock has a 50 day moving average of GBX 7,786.49 and a 200-day moving average of GBX 7,282.05.
About Randgold Resources Limited
Randgold Resources Limited is engaged in the 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 mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company holds Morila Limited, which holds interests in the Morila mine in Mali.
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