Brokerages Set Randgold Resources Limited (RRS) Target Price at $6,651.25

Randgold Resources Limited (LON:RRS) has been given an average recommendation of “Buy” by the twelve analysts that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 6,651.25 ($86.91).

RRS has been the topic of several recent research reports. Numis Securities cut shares of Randgold Resources to a “hold” rating and dropped their target price for the stock from GBX 8,000 ($104.53) to GBX 6,000 ($78.40) in a report on Friday, August 10th. UBS Group upgraded shares of Randgold Resources to a “buy” rating and set a GBX 6,000 ($78.40) target price on the stock in a report on Wednesday, August 29th. Royal Bank of Canada decreased their price target on shares of Randgold Resources from GBX 4,900 ($64.03) to GBX 4,500 ($58.80) and set an “underperform” rating for the company in a research report on Tuesday, September 18th. Barclays decreased their price target on shares of Randgold Resources from GBX 7,000 ($91.47) to GBX 6,350 ($82.97) and set an “overweight” rating for the company in a research report on Wednesday, July 18th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 7,000 ($91.47) price target (down from GBX 9,000 ($117.60)) on shares of Randgold Resources in a research report on Wednesday, October 17th.

Shares of Randgold Resources stock opened at GBX 6,230 ($81.41) on Tuesday. Randgold Resources has a 1 year low of GBX 5,760 ($75.26) and a 1 year high of GBX 8,255 ($107.87).

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).

Read More: Price to Earnings Ratio (PE)

Analyst Recommendations for Randgold Resources (LON:RRS)

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