Randgold Resources (RRS) Raised to Sector Performer at Royal Bank of Canada

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Randgold Resources (LON:RRS) was upgraded by stock analysts at Royal Bank of Canada to a “sector performer” rating in a research note issued to investors on Wednesday. The firm currently has a GBX 5,000 ($65.33) price objective on the stock, up from their previous price objective of GBX 4,500 ($58.80). Royal Bank of Canada’s price target indicates a potential downside of 18.43% from the stock’s current price.

A number of other research analysts also recently commented on RRS. Barclays dropped their target price on shares of Randgold Resources from GBX 7,000 ($91.47) to GBX 6,350 ($82.97) and set an “overweight” rating on the stock in a research report on Wednesday, July 18th. BMO Capital Markets reaffirmed an “outperform” rating and issued a GBX 7,000 ($91.47) target price on shares of Randgold Resources in a research report on Thursday, August 9th. Numis Securities downgraded shares of Randgold Resources to a “hold” rating and dropped their target price for the company from GBX 8,000 ($104.53) to GBX 6,000 ($78.40) in a research report on Friday, August 10th. UBS Group raised shares of Randgold Resources to a “buy” rating and set a GBX 6,000 ($78.40) target price on the stock in a research report on Wednesday, August 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 7,000 ($91.47) target price (down from GBX 9,000 ($117.60)) on shares of Randgold Resources in a research report on Wednesday, October 17th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Randgold Resources presently has an average rating of “Buy” and a consensus price target of GBX 6,926.92 ($90.51).

LON RRS opened at GBX 6,130 ($80.10) on Wednesday. Randgold Resources has a 12 month low of GBX 5,760 ($75.26) and a 12 month 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).

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