Randgold Resources Limited (RRS) Receives Average Recommendation of “Buy” from Analysts
Shares of Randgold Resources Limited (LON:RRS) have earned a consensus recommendation of “Buy” from the eighteen analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 7,681.41 ($100.03).
RRS has been the topic of several research reports. Jefferies Group LLC boosted their price objective on shares of Randgold Resources Limited from GBX 8,700 ($113.30) to GBX 9,000 ($117.20) and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Panmure Gordon reiterated a “buy” rating and issued a GBX 8,309 ($108.20) target price on shares of Randgold Resources Limited in a research note on Thursday, May 4th. Beaufort Securities restated a “buy” rating and set a GBX 8,000 ($104.18) price objective on shares of Randgold Resources Limited in a research report on Friday, May 5th. Investec restated a “buy” rating and set a GBX 8,194 ($106.71) price objective on shares of Randgold Resources Limited in a research report on Wednesday, June 21st. Finally, Numis Securities Ltd restated a “buy” rating and set a GBX 9,000 ($117.20) price objective on shares of Randgold Resources Limited in a research report on Friday, August 4th.
In other Randgold Resources Limited news, insider Safiatou Francoise Ba-N’Dawrrs bought 32 shares of the company’s stock in a transaction dated Friday, May 26th. The stock was acquired at an average price of GBX 7,250 ($94.41) per share, with a total value of £2,320 ($3,021.23). Also, insider D Mark Bristow sold 50,000 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of GBX 7,244 ($94.34), for a total transaction of £3,622,000 ($4,716,759.99).
Shares of Randgold Resources Limited (LON RRS) opened at 7475.00 on Friday. Randgold Resources Limited has a 12 month low of GBX 5,410.00 and a 12 month high of GBX 8,770.00. The firm’s 50-day moving average is GBX 6,983.10 and its 200-day moving average is GBX 7,124.66. The company’s market cap is GBX 7.03 billion.
Randgold Resources Limited 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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