Randgold Resources Limited (RRS) Receives Average Rating of “Buy” from Brokerages

Randgold Resources Limited (LON:RRS) has earned a consensus rating of “Buy” from the nineteen research firms that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 7,698.82 ($106.37).

RRS has been the subject of a number of recent analyst reports. Numis Securities restated a “buy” rating and set a GBX 9,000 ($124.34) price objective on shares of Randgold Resources in a research note on Friday, December 15th. Barclays lowered their price objective on Randgold Resources from GBX 8,000 ($110.53) to GBX 7,850 ($108.46) and set an “overweight” rating for the company in a research note on Monday, January 8th. Morgan Stanley lowered their price objective on Randgold Resources from GBX 7,230 ($99.89) to GBX 7,140 ($98.65) and set an “overweight” rating for the company in a research note on Thursday, February 15th. HSBC upgraded Randgold Resources to a “buy” rating and lowered their price objective for the company from GBX 7,800 ($107.76) to GBX 7,700 ($106.38) in a research note on Thursday, February 8th. Finally, Citigroup upgraded Randgold Resources to a “buy” rating in a research note on Tuesday, December 5th.

Shares of Randgold Resources (LON:RRS) opened at GBX 6,016 ($83.12) on Monday. Randgold Resources has a 12 month low of GBX 5,760 ($79.58) and a 12 month high of GBX 8,255 ($114.05). The firm has a market capitalization of $5,610.00 and a P/E ratio of 2,837.74.

The company also recently announced a dividend, which will be paid on Friday, May 18th. Shareholders of record on Thursday, March 22nd will be issued a dividend of $2.00 per share. This represents a yield of 2.41%. The ex-dividend date is Thursday, March 22nd. This is an increase from Randgold Resources’s previous dividend of $1.00.

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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).

Analyst Recommendations for Randgold Resources (LON:RRS)

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