HSBC Holdings plc Raises Randgold Resources Limited (RRS) Price Target to GBX 7,800
Randgold Resources Limited (LON:RRS) had its target price increased by HSBC Holdings plc from GBX 6,550 ($85.03) to GBX 7,800 ($101.26) in a research report issued on Tuesday. The brokerage presently has a “hold” rating on the stock. HSBC Holdings plc’s price objective suggests a potential upside of 4.70% from the company’s current price.
A number of other research firms also recently commented on RRS. Macquarie increased their target price on shares of Randgold Resources Limited from GBX 8,300 ($107.75) to GBX 8,500 ($110.35) and gave the company an “outperform” rating in a research report on Thursday, June 8th. BNP Paribas began coverage on shares of Randgold Resources Limited in a research report on Thursday, May 18th. They issued an “outperform” rating and a GBX 8,100 ($105.15) target price on the stock. J P Morgan Chase & Co increased their target price on shares of Randgold Resources Limited from GBX 8,100 ($105.15) to GBX 8,300 ($107.75) and gave the company an “overweight” rating in a research report on Monday, June 5th. Goldman Sachs Group, Inc. (The) dropped their target price on shares of Randgold Resources Limited from GBX 8,000 ($103.86) to GBX 7,700 ($99.96) and set a “neutral” rating on the stock in a research report on Tuesday, May 23rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 9,000 ($116.84) target price on shares of Randgold Resources Limited in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 7,688 ($99.81).
Shares of Randgold Resources Limited (RRS) opened at 7510.00 on Tuesday. The firm’s market capitalization is GBX 7.06 billion. The stock’s 50 day moving average is GBX 7,052.36 and its 200 day moving average is GBX 7,159.13. Randgold Resources Limited has a 1-year low of GBX 5,410.00 and a 1-year high of GBX 8,265.00.
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In other news, insider Graham Shuttleworth sold 7,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of GBX 7,697 ($99.92), for a total value of £538,790 ($699,454.76). Also, insider Safiatou Francoise Ba-N’Dawrrs bought 32 shares of Randgold Resources Limited stock in a transaction dated Friday, May 26th. The stock was purchased at an average price of GBX 7,250 ($94.12) per share, with a total value of £2,320 ($3,011.81).
About Randgold Resources Limited
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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