Randgold Resources (LON:RRS) had its target price cut by Morgan Stanley from GBX 7,230 ($99.89) to GBX 7,140 ($98.65) in a research report report published on Thursday morning. They currently have an overweight rating on the stock.
A number of other research firms also recently weighed in on RRS. Numis Securities restated an add rating and issued a GBX 8,000 ($110.53) target price (down from GBX 9,000 ($124.34)) on shares of Randgold Resources in a report on Tuesday, February 6th. Royal Bank of Canada upgraded shares of Randgold Resources to a sector performer rating and boosted their target price for the stock from GBX 5,800 ($80.13) to GBX 6,600 ($91.19) in a report on Monday, December 4th. JPMorgan Chase & Co. reduced their target price on shares of Randgold Resources from GBX 7,100 ($98.09) to GBX 7,000 ($96.71) and set a neutral rating on the stock in a report on Thursday, January 11th. Barclays reduced their target price on shares of Randgold Resources from GBX 8,000 ($110.53) to GBX 7,850 ($108.46) and set an overweight rating on the stock in a report on Monday, January 8th. Finally, HSBC upgraded shares of Randgold Resources to a buy rating and reduced their target price for the stock from GBX 7,800 ($107.76) to GBX 7,700 ($106.38) in a report on Thursday, February 8th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of GBX 7,748.89 ($107.06).
Shares of Randgold Resources (RRS) opened at GBX 6,306 ($87.12) on Thursday. Randgold Resources has a fifty-two week low of GBX 5,976 ($82.56) and a fifty-two week high of GBX 8,255 ($114.05). The firm has a market cap of $6,010.00 and a PE ratio of 3,002.86.
The company also recently declared a dividend, which will be paid on Friday, May 18th. Investors of record on Thursday, March 22nd will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Thursday, March 22nd. This is a boost from Randgold Resources’s previous dividend of $1.00. This represents a dividend yield of 2.41%.
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Randgold Resources 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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