Randgold Resources Limited’s (RRS) Buy Rating Reiterated at Investec

Investec reaffirmed their buy rating on shares of Randgold Resources Limited (LON:RRS) in a research report report published on Friday morning. They currently have a GBX 9,000 ($118.76) price objective on the stock.

A number of other analysts also recently commented on the stock. J P Morgan Chase & Co boosted their target price on shares of Randgold Resources Limited from GBX 8,300 ($109.53) to GBX 8,400 ($110.85) and gave the stock an overweight rating in a report on Tuesday, September 5th. Barclays PLC reiterated an overweight rating and issued a GBX 8,000 ($105.57) target price on shares of Randgold Resources Limited in a report on Friday, July 14th. Jefferies Group LLC reiterated a buy rating and issued a GBX 9,000 ($118.76) target price on shares of Randgold Resources Limited in a report on Thursday, October 19th. Numis Securities Ltd reiterated a buy rating and issued a GBX 9,000 ($118.76) target price on shares of Randgold Resources Limited in a report on Monday, September 25th. Finally, HSBC Holdings plc boosted their target price on shares of Randgold Resources Limited from GBX 6,550 ($86.43) to GBX 7,800 ($102.93) and gave the stock a hold rating in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. Randgold Resources Limited currently has an average rating of Buy and an average target price of GBX 7,732.78 ($102.04).

Shares of Randgold Resources Limited (LON:RRS) opened at GBX 7,020 ($92.64) on Friday. Randgold Resources Limited has a fifty-two week low of GBX 5,410 ($71.39) and a fifty-two week high of GBX 8,255 ($108.93).

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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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