Randgold Resources Limited (RRS) Declares Dividend Increase – $2.69 Per Share

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Randgold Resources Limited (LON:RRS) announced a dividend on Tuesday, December 18th, Upcoming.Co.Uk reports. Shareholders of record on Monday, December 31st will be given a dividend of $2.69 per share on Friday, January 11th. This represents a yield of 3.09%. The ex-dividend date of this dividend is Monday, December 31st. This is a boost from Randgold Resources’s previous dividend of $2.00. The official announcement can be seen at this link.

Shares of Randgold Resources stock traded down GBX 178 ($2.33) during midday trading on Wednesday, reaching GBX 6,708 ($87.65). 1,013,555 shares of the company’s stock traded hands, compared to its average volume of 618,212. Randgold Resources has a 52 week low of GBX 5,760 ($75.26) and a 52 week high of GBX 8,255 ($107.87).

RRS has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Randgold Resources from GBX 6,256 ($81.75) to GBX 6,240 ($81.54) and set a “neutral” rating on the stock in a report on Monday, November 19th. Royal Bank of Canada dropped their target price on shares of Randgold Resources from GBX 4,900 ($64.03) to GBX 4,500 ($58.80) and set an “underperform” rating on the stock in a report on Tuesday, September 18th. UBS Group reiterated a “buy” rating and issued a GBX 6,000 ($78.40) target price on shares of Randgold Resources in a report on Tuesday, September 25th. Numis Securities upgraded shares of Randgold Resources to an “add” rating in a report on Tuesday, September 25th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 7,000 ($91.47) target price (down previously from GBX 9,000 ($117.60)) on shares of Randgold Resources in a report on Wednesday, October 17th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 6,599.09 ($86.23).

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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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