Randgold Resources Limited (RRS) Given Consensus Recommendation of “Buy” by Brokerages

Randgold Resources Limited (LON:RRS) has received an average recommendation of “Buy” from the nineteen analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 7,732.78 ($101.71).

Several brokerages recently commented on RRS. Panmure Gordon lifted their target price on shares of Randgold Resources Limited from GBX 6,495 ($85.43) to GBX 6,930 ($91.15) and gave the stock a “hold” rating in a report on Monday, August 7th. Credit Suisse Group lifted their target price on shares of Randgold Resources Limited from GBX 6,970 ($91.67) to GBX 7,160 ($94.17) and gave the stock a “neutral” rating in a report on Friday, August 4th. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 9,000 ($118.37) target price on shares of Randgold Resources Limited in a report on Friday, August 4th. lifted their target price on shares of Randgold Resources Limited from GBX 6,550 ($86.15) to GBX 7,800 ($102.59) and gave the stock a “hold” rating in a report on Tuesday, August 22nd. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 8,300 ($109.17) target price on shares of Randgold Resources Limited in a report on Friday, August 4th.

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Shares of Randgold Resources Limited (LON RRS) opened at GBX 7,065 ($92.92) on Tuesday. Randgold Resources Limited has a twelve month low of GBX 5,410 ($71.16) and a twelve month high of GBX 8,255 ($108.58).

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).

Analyst Recommendations for Randgold Resources Limited (LON:RRS)

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