Randgold Resources Limited (RRS) Price Target Raised to GBX 7,415 at Deutsche Bank AG

Randgold Resources Limited (LON:RRS) had its target price raised by Deutsche Bank AG from GBX 7,370 ($96.20) to GBX 7,415 ($96.79) in a research note published on Wednesday morning. The firm currently has a hold rating on the stock.

A number of other equities analysts also recently commented on the stock. Macquarie reiterated an outperform rating on shares of Randgold Resources Limited in a research note on Monday, August 22nd. Goldman Sachs Group Inc. reiterated a buy rating on shares of Randgold Resources Limited in a research note on Monday, June 27th. Canaccord Genuity upgraded shares of Randgold Resources Limited to a buy rating and set a GBX 8,590 ($112.13) target price for the company in a research note on Thursday, September 1st. Jefferies Group raised shares of Randgold Resources Limited to a buy rating in a research report on Thursday, July 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Randgold Resources Limited from GBX 6,500 ($84.85) to GBX 7,200 ($93.98) and gave the company a neutral rating in a research report on Tuesday, July 5th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. Randgold Resources Limited currently has an average rating of Hold and an average price target of GBX 6,491.70 ($84.74).

Analyst Recommendations for Randgold Resources Limited (LON:RRS)

Shares of Randgold Resources Limited (LON:RRS) traded down 1.56% during mid-day trading on Wednesday, hitting GBX 6930.00. The stock had a trading volume of 573,409 shares. The stock’s 50-day moving average is GBX 7,689.44 and its 200 day moving average is GBX 7,314.26. Randgold Resources Limited has a 12 month low of GBX 3,870.00 and a 12 month high of GBX 9,820.00. The firm’s market cap is GBX 6.49 billion.

Randgold Resources Limited Company Profile

Randgold Resources Limited is engaged in the 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 mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company holds Morila Limited, which holds interests in the Morila mine in Mali.

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