Randgold Resources (LON:RRS)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a research note issued on Wednesday, October 17th. They currently have a GBX 7,000 ($91.47) price objective on the stock, down from their previous price objective of GBX 9,000 ($117.60). Jefferies Financial Group’s price target points to a potential upside of 12.98% from the stock’s current price.
Several other brokerages have also commented on RRS. Morgan Stanley restated an “overweight” rating on shares of Randgold Resources in a research note on Friday, June 29th. Royal Bank of Canada reaffirmed an “underperform” rating on shares of Randgold Resources in a research report on Wednesday, July 11th. Barclays decreased their target price on Randgold Resources from GBX 7,000 ($91.47) to GBX 6,350 ($82.97) and set an “overweight” rating for the company in a research report on Wednesday, July 18th. BMO Capital Markets reaffirmed an “outperform” rating and issued a GBX 7,000 ($91.47) target price on shares of Randgold Resources in a research report on Thursday, August 9th. Finally, Numis Securities downgraded Randgold Resources to a “hold” rating and decreased their target price for the stock from GBX 8,000 ($104.53) to GBX 6,000 ($78.40) in a research report on Friday, August 10th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of GBX 6,695.45 ($87.49).
LON:RRS traded down GBX 132 ($1.72) on Wednesday, hitting GBX 6,196 ($80.96). 345,195 shares of the stock were exchanged, compared to its average volume of 618,212. Randgold Resources has a fifty-two week low of GBX 5,760 ($75.26) and a fifty-two week high of GBX 8,255 ($107.87).
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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