Randgold Resources (RRS) Upgraded at Numis Securities

Numis Securities upgraded shares of Randgold Resources (LON:RRS) to an add rating in a research report released on Tuesday morning.

A number of other equities research analysts also recently commented on the stock. UBS Group raised shares of Randgold Resources to a buy rating and set a GBX 6,000 ($78.16) price objective on the stock in a research report on Wednesday, August 29th. JPMorgan Chase & Co. raised shares of Randgold Resources to an overweight rating in a research report on Friday, June 8th. Royal Bank of Canada reissued an underperform rating on shares of Randgold Resources in a research report on Wednesday, July 11th. Barclays dropped their price objective on shares of Randgold Resources from GBX 7,000 ($91.18) to GBX 6,350 ($82.71) and set an overweight rating on the stock in a research report on Wednesday, July 18th. Finally, BMO Capital Markets reissued an outperform rating and issued a GBX 7,000 ($91.18) price objective on shares of Randgold Resources in a research report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 7,042.31 ($91.73).

Shares of LON:RRS opened at GBX 5,260 ($68.52) on Tuesday. Randgold Resources has a 52 week low of GBX 5,760 ($75.03) and a 52 week high of GBX 8,255 ($107.53).

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).

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