JPMorgan Chase & Co. Cuts Randgold Resources (RRS) Price Target to GBX 6,240
Randgold Resources (LON:RRS) had its target price cut by JPMorgan Chase & Co. from GBX 6,256 ($81.75) to GBX 6,240 ($81.54) in a research note released on Monday morning. They currently have a neutral rating on the stock.
A number of other analysts have also recently commented on the company. Royal Bank of Canada raised Randgold Resources to a sector performer rating and boosted their price target for the stock from GBX 4,500 ($58.80) to GBX 5,000 ($65.33) in a research report on Wednesday, October 31st. Jefferies Financial Group restated a buy rating and issued a GBX 7,000 ($91.47) price objective (down from GBX 9,000 ($117.60)) on shares of Randgold Resources in a report on Wednesday, October 17th. UBS Group restated a buy rating and issued a GBX 6,000 ($78.40) price objective on shares of Randgold Resources in a report on Tuesday, September 25th. Numis Securities upgraded shares of Randgold Resources to an add rating in a report on Tuesday, September 25th. Finally, BMO Capital Markets restated an outperform rating and issued a GBX 7,000 ($91.47) price objective on shares of Randgold Resources in a report on Thursday, August 9th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of GBX 6,599.09 ($86.23).
Shares of RRS opened at GBX 6,424 ($83.94) on Monday. Randgold Resources has a 52 week low of GBX 5,760 ($75.26) and a 52 week high of GBX 8,255 ($107.87).
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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