Randgold Resources (RRS) Upgraded to Buy by Citigroup
Several other research firms have also commented on RRS. Royal Bank Of Canada raised shares of Randgold Resources to a sector performer rating and upped their price target for the company from GBX 5,800 ($78.06) to GBX 6,600 ($88.83) in a report on Monday. 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 report on Monday, November 6th. Investec reaffirmed a buy rating and issued a GBX 9,000 ($121.13) price target on shares of Randgold Resources in a report on Friday, November 3rd. Berenberg Bank reaffirmed a buy rating and issued a GBX 7,400 ($99.60) price target on shares of Randgold Resources in a report on Thursday, November 2nd. Finally, Barclays reaffirmed an overweight rating and issued a GBX 8,000 ($107.67) price target on shares of Randgold Resources in a report on Tuesday, October 24th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Randgold Resources has a consensus rating of Buy and an average price target of GBX 7,771.67 ($104.60).
Shares of Randgold Resources (RRS) opened at GBX 6,785 ($91.32) on Tuesday. Randgold Resources has a twelve month low of GBX 5,410 ($72.81) and a twelve month high of GBX 8,255 ($111.10).
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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