HSBC Upgrades Randgold Resources (RRS) to Buy

HSBC upgraded shares of Randgold Resources (LON:RRS) to a buy rating in a research report released on Thursday. The firm currently has GBX 7,700 ($107.96) target price on the stock, down from their prior target price of GBX 7,800 ($109.37).

A number of other brokerages also recently commented on RRS. Barclays restated an overweight rating and set a GBX 8,000 ($112.17) price objective on shares of Randgold Resources in a research note on Tuesday, October 24th. Berenberg Bank restated a buy rating and set a GBX 7,400 ($103.76) price objective on shares of Randgold Resources in a research note on Thursday, November 2nd. Jefferies Group restated a buy rating and set a GBX 9,000 ($126.19) price objective on shares of Randgold Resources in a research note on Thursday, October 19th. JPMorgan Chase & Co. lowered their price objective on Randgold Resources from GBX 7,100 ($99.55) to GBX 7,000 ($98.15) and set a neutral rating for the company in a research note on Thursday, January 11th. Finally, Credit Suisse Group restated a neutral rating and set a GBX 7,160 ($100.39) price objective on shares of Randgold Resources in a research note on Tuesday, January 30th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Randgold Resources has an average rating of Buy and an average target price of GBX 7,784.71 ($109.15).

Shares of Randgold Resources (LON:RRS) traded down GBX 46 ($0.64) on Thursday, reaching GBX 6,022 ($84.44). The company had a trading volume of 391,672 shares, compared to its average volume of 474,451. The company has a market cap of $5,740.00 and a P/E ratio of 2,827.23. Randgold Resources has a 52-week low of GBX 5,976 ($83.79) and a 52-week high of GBX 8,255 ($115.75).

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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).

Analyst Recommendations for Randgold Resources (LON:RRS)

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