Randgold Resources Limited (LON:RRS) Receives Overweight Rating from Barclays PLC

Randgold Resources Limited (LON:RRS)‘s stock had its “overweight” rating reissued by Barclays PLC in a research note issued on Friday, July 14th. They currently have a GBX 8,000 ($104.47) price objective on the stock. Barclays PLC’s target price indicates a potential upside of 15.03% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. Shore Capital reissued a “not rated” rating on shares of Randgold Resources Limited in a research note on Thursday, June 29th. Investec reissued a “buy” rating and issued a GBX 8,194 ($107.00) price target on shares of Randgold Resources Limited in a research note on Wednesday, June 21st. Macquarie increased their price target on Randgold Resources Limited from GBX 8,300 ($108.38) to GBX 8,500 ($111.00) and gave the company an “outperform” rating in a research note on Thursday, June 8th. J P Morgan Chase & Co increased their price target on Randgold Resources Limited from GBX 8,100 ($105.77) to GBX 8,300 ($108.38) and gave the company an “overweight” rating in a research note on Monday, June 5th. Finally, Goldman Sachs Group, Inc. (The) dropped their price objective on Randgold Resources Limited from GBX 8,000 ($104.47) to GBX 7,700 ($100.55) and set a “neutral” rating on the stock in a research note on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 7,585.82 ($99.06).

Shares of Randgold Resources Limited (LON:RRS) opened at 6890.00 on Friday. The firm’s market cap is GBX 6.48 billion. The company’s 50 day moving average price is GBX 7,086.13 and its 200-day moving average price is GBX 7,071.96. Randgold Resources Limited has a 1-year low of GBX 5,410.00 and a 1-year high of GBX 9,155.00.

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In other news, insider Graham Shuttleworth sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of GBX 7,697 ($100.51), for a total value of £538,790 ($703,564.90). Also, insider Safiatou Francoise Ba-N’Dawrrs acquired 32 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was bought at an average price of GBX 7,250 ($94.67) per share, with a total value of £2,320 ($3,029.51).

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).

Analyst Recommendations for Randgold Resources Limited (LON:RRS)

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