Randgold Resources (LON:RRS) was upgraded by investment analysts at Citigroup to a “buy” rating in a research report issued on Tuesday.
A number of other research firms have also commented on RRS. Panmure Gordon raised their price target on Randgold Resources from GBX 6,495 ($87.42) to GBX 6,930 ($93.27) and gave the stock a “hold” rating in a research report on Monday, August 7th. raised their price objective on Randgold Resources from GBX 6,550 ($88.16) to GBX 7,800 ($104.98) and gave the company a “hold” rating in a research report on Tuesday, August 22nd. J P Morgan Chase & Co lifted their price target on Randgold Resources from GBX 8,300 ($111.71) to GBX 8,400 ($113.06) and gave the stock an “overweight” rating in a report on Tuesday, September 5th. Numis Securities reaffirmed a “buy” rating and issued a GBX 9,000 ($121.13) price objective on shares of Randgold Resources in a report on Monday, September 25th. Finally, Jefferies Group reiterated a “buy” rating and issued a GBX 9,000 ($121.13) price target on shares of Randgold Resources in a research note on Thursday, October 19th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Randgold Resources presently has an average rating of “Buy” and an average price target of GBX 7,771.67 ($104.60).
Shares of Randgold Resources (LON RRS) opened at GBX 6,764.82 ($91.05) on Tuesday. Randgold Resources has a 1-year low of GBX 5,410 ($72.81) and a 1-year high of GBX 8,255 ($111.10).
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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