Randgold Resources Limited (LON:RRS)‘s stock had its “overweight” rating reissued by analysts at Barclays PLC in a report released on Friday, July 14th. They presently have a GBX 8,000 ($105.53) target price on the stock. Barclays PLC’s price objective would indicate a potential upside of 12.68% from the stock’s previous close.
Several other research analysts have also recently commented on the stock. Shore Capital reiterated a “not rated” rating on shares of Randgold Resources Limited in a report on Thursday, June 29th. Investec reiterated a “buy” rating and issued a GBX 8,194 ($108.09) target price on shares of Randgold Resources Limited in a report on Wednesday, June 21st. Macquarie raised their target price on shares of Randgold Resources Limited from GBX 8,300 ($109.48) to GBX 8,500 ($112.12) and gave the stock an “outperform” rating in a report on Thursday, June 8th. J P Morgan Chase & Co raised their target price on shares of Randgold Resources Limited from GBX 8,100 ($106.85) to GBX 8,300 ($109.48) and gave the stock an “overweight” rating in a report on Monday, June 5th. Finally, Goldman Sachs Group, Inc. (The) decreased their target price on shares of Randgold Resources Limited from GBX 8,000 ($105.53) to GBX 7,700 ($101.57) and set a “neutral” rating for the company in a report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. Randgold Resources Limited has an average rating of “Buy” and a consensus target price of GBX 7,655.82 ($100.99).
Randgold Resources Limited (LON RRS) opened at 7100.00 on Friday. The stock has a 50 day moving average of GBX 6,962.07 and a 200-day moving average of GBX 7,100.54. The firm’s market cap is GBX 6.68 billion. Randgold Resources Limited has a 52-week low of GBX 5,410.00 and a 52-week high of GBX 9,155.00.
In other Randgold Resources Limited news, insider Safiatou Francoise Ba-N’Dawrrs acquired 32 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were purchased at an average price of GBX 7,250 ($95.63) per share, with a total value of £2,320 ($3,060.28). Also, insider Graham Shuttleworth sold 7,000 shares of Randgold Resources Limited stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of GBX 7,697 ($101.53), for a total transaction of £538,790 ($710,710.99).
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).
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