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.
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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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