Randgold Resources (RRS) Reaches New 52-Week Low at $6,444.00

Randgold Resources Limited (LON:RRS)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 6,444 ($90.35) and last traded at GBX 6,458 ($90.55), with a volume of 1104182 shares traded. The stock had previously closed at GBX 6,458 ($90.55).

A number of equities research analysts have recently weighed in on RRS shares. Barclays reiterated an “overweight” rating and issued a GBX 8,000 ($112.17) price objective on shares of Randgold Resources in a research report on Tuesday, October 24th. Numis Securities reiterated an “add” rating and issued a GBX 8,000 ($112.17) price objective (down from GBX 9,000 ($126.19)) on shares of Randgold Resources in a research report on Tuesday. Royal Bank of Canada upgraded Randgold Resources to a “sector performer” rating and lifted their price objective for the stock from GBX 5,800 ($81.32) to GBX 6,600 ($92.54) in a research report on Monday, December 4th. Investec reiterated a “buy” rating and issued a GBX 9,000 ($126.19) price objective on shares of Randgold Resources in a research report on Friday, November 3rd. Finally, Citigroup upgraded Randgold Resources to a “buy” rating in a research report on Tuesday, December 5th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Randgold Resources has a consensus rating of “Buy” and an average price target of GBX 7,784.71 ($109.15).

The company has a market cap of $5,690.00 and a price-to-earnings ratio of 2,831.92.

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About Randgold Resources

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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