Randgold Resources Limited (RRS) Stock Rating Reaffirmed by Macquarie
Randgold Resources Limited (LON:RRS)‘s stock had its “outperform” rating restated by research analysts at Macquarie in a research report issued on Monday.
A number of other brokerages also recently issued reports on RRS. Deutsche Bank AG reiterated a “hold” rating on shares of Randgold Resources Limited in a report on Tuesday, July 12th. JPMorgan Chase & Co. boosted their target price on shares of Randgold Resources Limited from GBX 6,500 ($79.22) to GBX 7,200 ($87.75) and gave the stock a “neutral” rating in a report on Tuesday, July 5th. Jefferies Group upgraded shares of Randgold Resources Limited to a “buy” rating in a report on Thursday, July 14th. Canaccord Genuity restated a “hold” rating on shares of Randgold Resources Limited in a report on Thursday, August 4th. Finally, Panmure Gordon downgraded shares of Randgold Resources Limited to a “hold” rating and set a GBX 6,750 ($82.27) target price on the stock. in a report on Thursday, August 4th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 6,591.70 ($80.34).
Shares of Randgold Resources Limited (LON:RRS) opened at 7100.00 on Monday. The stock’s 50 day moving average is GBX 7,415.68 and its 200-day moving average is GBX 7,346.15. The stock’s market capitalization is GBX 6.65 billion. Randgold Resources Limited has a 12-month low of GBX 3,870.00 and a 12-month high of GBX 9,820.00.
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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