Randgold Resources (RRS) Price Target Cut to GBX 7,850 by Analysts at Barclays

Randgold Resources (LON:RRS) had its target price trimmed by Barclays from GBX 8,000 ($108.49) to GBX 7,850 ($106.46) in a research note released on Monday. The brokerage currently has an overweight rating on the stock.

Other equities research analysts also recently issued reports about the company. Numis Securities reissued a buy rating and issued a GBX 9,000 ($122.05) price objective on shares of Randgold Resources in a report on Friday, December 15th. Citigroup raised Randgold Resources to a buy rating in a report on Tuesday, December 5th. Royal Bank of Canada raised Randgold Resources to a sector performer rating and increased their price objective for the company from GBX 5,800 ($78.65) to GBX 6,600 ($89.50) in a report on Monday, December 4th. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 8,300 ($112.56) price objective on shares of Randgold Resources in a report on Monday, November 6th. Finally, Investec reissued a buy rating and issued a GBX 9,000 ($122.05) price objective on shares of Randgold Resources in a report on Friday, November 3rd. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of GBX 7,691.11 ($104.30).

Randgold Resources (RRS) opened at GBX 7,306 ($99.08) on Monday. The stock has a market capitalization of $6,860.00 and a P/E ratio of 3,336.07. Randgold Resources has a fifty-two week low of GBX 6,320 ($85.71) and a fifty-two week high of GBX 8,255 ($111.95).

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About Randgold Resources

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 (LON:RRS)

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