Barclays PLC Reiterates Overweight Rating for Randgold Resources Limited (RRS)

Randgold Resources Limited (LON:RRS)‘s stock had its “overweight” rating restated by investment analysts at Barclays PLC in a research note issued to investors on Friday. They presently have a GBX 8,000 ($104.47) target price on the stock. Barclays PLC’s price objective would suggest a potential upside of 15.11% from the stock’s current price.

A number of other research analysts have also weighed in on RRS. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a GBX 8,000 ($104.47) price objective on shares of Randgold Resources Limited in a research note on Thursday, March 16th. Deutsche Bank AG lowered shares of Randgold Resources Limited to a “hold” rating and reduced their price target for the company from GBX 7,400 ($96.63) to GBX 7,100 ($92.71) in a research report on Friday, March 17th. Jefferies Group LLC boosted their price target on shares of Randgold Resources Limited from GBX 8,700 ($113.61) to GBX 9,000 ($117.52) and gave the company a “buy” rating in a research report on Tuesday, April 18th. Panmure Gordon restated a “buy” rating and set a GBX 8,309 ($108.50) price target on shares of Randgold Resources Limited in a research report on Thursday, May 4th. Finally, J P Morgan Chase & Co boosted their price target on shares of Randgold Resources Limited from GBX 8,000 ($104.47) to GBX 8,100 ($105.77) and gave the company an “overweight” rating in a research report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 7,585.82 ($99.06).

Shares of Randgold Resources Limited (LON RRS) opened at 6950.00 on Friday. The company has a 50 day moving average price of GBX 7,248.42 and a 200 day moving average price of GBX 6,964.10. Randgold Resources Limited has a 52 week low of GBX 5,410.00 and a 52 week high of GBX 9,155.00. The company’s market capitalization is GBX 6.54 billion.

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In other news, insider D Mark Bristow sold 50,000 shares of Randgold Resources Limited stock in a transaction on Monday, May 15th. The shares were sold at an average price of GBX 7,244 ($94.59), for a total transaction of £3,622,000 ($4,729,694.44). Also, insider Safiatou Francoise Ba-N’Dawrrs acquired 32 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were bought at an average cost of GBX 7,250 ($94.67) per share, with a total value of £2,320 ($3,029.51).

About Randgold Resources Limited

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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