Randgold Resources Limited (LON:RRS) had its target price raised by investment analysts at Credit Suisse Group from GBX 6,970 ($90.48) to GBX 7,160 ($92.95) in a research report issued on Friday, August 4th. The brokerage presently has a “neutral” rating on the stock. Credit Suisse Group’s price target points to a potential downside of 3.31% from the stock’s previous close.
A number of other research analysts also recently weighed in on RRS. Jefferies Group LLC increased their target price on shares of Randgold Resources Limited from GBX 8,700 ($112.94) to GBX 9,000 ($116.84) and gave the company a “buy” rating in a research report on Tuesday, April 18th. Barclays PLC upped their price target on shares of Randgold Resources Limited from GBX 7,300 ($94.77) to GBX 8,000 ($103.86) and gave the company an “overweight” rating in a research note on Friday, April 21st. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a GBX 8,000 ($103.86) price target on shares of Randgold Resources Limited in a research note on Monday, April 24th. Panmure Gordon restated a “buy” rating and set a GBX 8,309 ($107.87) price target on shares of Randgold Resources Limited in a research note on Thursday, May 4th. Finally, J P Morgan Chase & Co increased their target price on shares of Randgold Resources Limited from GBX 8,000 ($103.86) to GBX 8,100 ($105.15) and gave the stock an “overweight” rating in a research note on Friday, May 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. Randgold Resources Limited presently has a consensus rating of “Buy” and a consensus price target of GBX 7,681.41 ($99.72).
Shares of Randgold Resources Limited (RRS) opened at 7405.00 on Friday. The company’s market cap is GBX 6.96 billion. Randgold Resources Limited has a 52 week low of GBX 5,410.00 and a 52 week high of GBX 8,530.00. The firm’s 50-day moving average price is GBX 7,013.51 and its 200 day moving average price is GBX 7,144.45.
In other news, insider Graham Shuttleworth sold 7,000 shares of Randgold Resources Limited stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of GBX 7,697 ($99.92), for a total value of £538,790 ($699,454.76). Also, insider Safiatou Francoise Ba-N’Dawrrs purchased 32 shares of Randgold Resources Limited stock in a transaction dated Friday, May 26th. The stock was bought at an average price of GBX 7,250 ($94.12) per share, with a total value of £2,320 ($3,011.81).
Randgold Resources Limited Company Profile
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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