Numis Securities reaffirmed their add rating on shares of Randgold Resources (LON:RRS) in a report published on Tuesday. The firm currently has a GBX 8,000 ($112.17) price target on the stock, down from their previous price target of GBX 9,000 ($126.19).
Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. lowered their price objective on Randgold Resources from GBX 7,100 ($99.55) to GBX 7,000 ($98.15) and set a neutral rating on the stock in a research report on Thursday, January 11th. Credit Suisse Group reaffirmed a neutral rating and issued a GBX 7,160 ($100.39) price objective on shares of Randgold Resources in a research report on Tuesday, January 30th. Jefferies Group reaffirmed a buy rating and issued a GBX 9,000 ($126.19) price objective on shares of Randgold Resources in a research report on Thursday, October 19th. Berenberg Bank reaffirmed a buy rating and issued a GBX 7,400 ($103.76) price objective on shares of Randgold Resources in a research report on Thursday, November 2nd. Finally, Barclays lowered their price objective on Randgold Resources from GBX 8,000 ($112.17) to GBX 7,850 ($110.07) and set an overweight rating on the stock in a research report on Monday, January 8th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of GBX 7,784.71 ($109.15).
Shares of Randgold Resources (LON:RRS) opened at GBX 6,018 ($84.38) on Tuesday. The firm has a market capitalization of $5,650.00 and a P/E ratio of 2,838.68. Randgold Resources has a 52 week low of GBX 5,976 ($83.79) and a 52 week high of GBX 8,255 ($115.75).
Randgold Resources 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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