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Randgold Resources Limited’s (RRS) Overweight Rating Reaffirmed at Barclays PLC
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Several other research analysts also recently issued reports on the stock. Jefferies Group LLC raised their price objective on shares of Randgold Resources Limited from GBX 8,700 ($113.61) to GBX 9,000 ($117.52) and gave the stock a buy rating in a research report on Tuesday, April 18th. J P Morgan Chase & Co raised their price objective on shares of Randgold Resources Limited from GBX 8,100 ($105.77) to GBX 8,300 ($108.38) and gave the stock an overweight rating in a research report on Monday, June 5th. Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a GBX 8,000 ($104.47) price objective on shares of Randgold Resources Limited in a research report on Monday, April 24th. Panmure Gordon downgraded shares of Randgold Resources Limited to a hold rating and lowered their price objective for the stock from GBX 8,309 ($108.50) to GBX 6,495 ($84.81) in a research report on Monday, May 15th. Finally, Deutsche Bank AG downgraded shares of Randgold Resources Limited to a hold rating and lowered their price objective for the stock from GBX 7,400 ($96.63) to GBX 7,100 ($92.71) in a research report on Friday, March 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of GBX 7,585.82 ($99.06).
Randgold Resources Limited (RRS) traded up 0.65% during midday trading on Friday, hitting GBX 6995.00. 399,184 shares of the stock traded hands. The company has a 50-day moving average price of GBX 7,248.42 and a 200 day moving average price of GBX 6,964.10. Randgold Resources Limited has a one year low of GBX 5,410.00 and a one year high of GBX 9,155.00. The stock’s market cap is GBX 6.58 billion.
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In related news, insider Safiatou Francoise Ba-N’Dawrrs acquired 32 shares of Randgold Resources Limited stock in a transaction that occurred on Friday, May 26th. The stock was purchased at an average price of GBX 7,250 ($94.67) per share, for a total transaction of £2,320 ($3,029.51). Also, insider D Mark Bristow sold 50,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of GBX 7,244 ($94.59), for a total transaction of £3,622,000 ($4,729,694.44).
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).