Jefferies Group Reaffirms Buy Rating for Randgold Resources Limited (RRS)
Randgold Resources Limited (LON:RRS)‘s stock had its ” buy” rating reaffirmed by equities researchers at Jefferies Group in a research note issued on Monday. They presently have a GBX 9,500 ($118.69) target price on the stock. Jefferies Group’s price objective would suggest a potential upside of 64.08% from the company’s previous close.
Several other equities analysts have also recently weighed in on RRS. Macquarie restated an “outperform” rating on shares of Randgold Resources Limited in a report on Monday, August 22nd. Deutsche Bank AG raised their price target on Randgold Resources Limited from GBX 7,370 ($92.08) to GBX 7,415 ($92.64) and gave the company a “hold” rating in a report on Wednesday, October 5th. Barclays PLC restated an “overweight” rating and set a GBX 8,300 ($103.70) price target on shares of Randgold Resources Limited in a report on Monday, October 24th. Canaccord Genuity upgraded Randgold Resources Limited to a “buy” rating and set a GBX 8,590 ($107.32) price target for the company in a report on Thursday, September 1st. Finally, JPMorgan Chase & Co. raised their price target on Randgold Resources Limited from GBX 7,300 ($91.20) to GBX 7,850 ($98.08) and gave the company a “neutral” rating in a report on Monday, August 15th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Randgold Resources Limited presently has a consensus rating of “Hold” and an average price target of GBX 6,922.84 ($86.49).
Randgold Resources Limited (LON:RRS) opened at 5975.00 on Monday. The company’s market cap is GBX 5.60 billion. Randgold Resources Limited has a one year low of GBX 3,894.00 and a one year high of GBX 9,820.00. The company’s 50 day moving average price is GBX 6,876.94 and its 200-day moving average price is GBX 7,370.94.
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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