Randgold Resources (RRS) Rating Increased to Buy at HSBC
HSBC upgraded shares of Randgold Resources (LON:RRS) to a buy rating in a report released on Thursday. HSBC currently has GBX 7,700 ($107.96) price target on the stock, down from their prior price target of GBX 7,800 ($109.37).
Several other brokerages have also weighed in on RRS. Barclays reissued an overweight rating and set a GBX 8,000 ($112.17) price objective on shares of Randgold Resources in a report on Tuesday, October 24th. Berenberg Bank reissued a buy rating and set a GBX 7,400 ($103.76) price objective on shares of Randgold Resources in a report on Thursday, November 2nd. Jefferies Group reissued a buy rating and set a GBX 9,000 ($126.19) price objective on shares of Randgold Resources in a report on Thursday, October 19th. JPMorgan Chase & Co. decreased their price objective on shares of Randgold Resources from GBX 7,100 ($99.55) to GBX 7,000 ($98.15) and set a neutral rating for the company in a report on Thursday, January 11th. Finally, Credit Suisse Group reissued a neutral rating and set a GBX 7,160 ($100.39) price objective on shares of Randgold Resources in a report on Tuesday, January 30th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of Buy and an average price target of GBX 7,784.71 ($109.15).
Randgold Resources (RRS) opened at GBX 6,047 ($84.79) on Thursday. The firm has a market cap of $5,670.00 and a price-to-earnings ratio of 2,852.36. Randgold Resources has a fifty-two week low of GBX 5,976 ($83.79) and a fifty-two week high of GBX 8,255 ($115.75).
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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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