Randgold Resources (LON:RRS) had its price objective reduced by Canaccord Genuity from GBX 7,500 ($103.62) to GBX 7,000 ($96.71) in a research note released on Tuesday morning. Canaccord Genuity currently has a buy rating on the stock.
RRS has been the subject of a number of other research reports. JPMorgan Chase & Co. dropped their price objective on shares of Randgold Resources from GBX 7,100 ($98.09) to GBX 7,000 ($96.71) and set a neutral rating for the company in a report on Thursday, January 11th. Barclays dropped their price objective on shares of Randgold Resources from GBX 8,000 ($110.53) to GBX 7,850 ($108.46) and set an overweight rating for the company in a report on Monday, January 8th. Credit Suisse Group restated a neutral rating and issued a GBX 7,160 ($98.92) price objective on shares of Randgold Resources in a report on Tuesday, January 30th. Numis Securities restated a buy rating and issued a GBX 9,000 ($124.34) price objective on shares of Randgold Resources in a report on Friday, December 15th. Finally, Royal Bank of Canada upgraded shares of Randgold Resources to a sector performer rating and boosted their price target for the stock from GBX 5,800 ($80.13) to GBX 6,600 ($91.19) in a report on Monday, December 4th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of GBX 7,665.56 ($105.91).
Shares of Randgold Resources (LON:RRS) opened at GBX 6,014 ($83.09) on Tuesday. Randgold Resources has a 12-month low of GBX 5,760 ($79.58) and a 12-month high of GBX 8,255 ($114.05). The firm has a market cap of $5,640.00 and a PE ratio of 2,836.79.
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).
Receive News & Ratings for Randgold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Randgold Resources and related companies with MarketBeat.com's FREE daily email newsletter.