Randgold Resources (RRS) Stock Price Up 8.4%
Shares of Randgold Resources Limited (LON:RRS) rose 8.4% during mid-day trading on Thursday . The company traded as high as GBX 5,786 ($75.60) and last traded at GBX 5,706 ($74.56). Approximately 1,109,239 shares changed hands during trading, an increase of 79% from the average daily volume of 618,212 shares. The stock had previously closed at GBX 5,266 ($68.81).
RRS has been the topic of a number of analyst reports. UBS Group restated a “buy” rating and set a GBX 6,000 ($78.40) target price on shares of Randgold Resources in a research report on Tuesday, September 25th. Numis Securities lowered shares of Randgold Resources to a “hold” rating and decreased their target price for the stock from GBX 8,000 ($104.53) to GBX 6,000 ($78.40) in a research report on Friday, August 10th. BMO Capital Markets restated an “outperform” rating and set a GBX 7,000 ($91.47) target price on shares of Randgold Resources in a research report on Thursday, August 9th. Morgan Stanley reiterated an “overweight” rating on shares of Randgold Resources in a report on Friday, June 29th. Finally, Royal Bank of Canada decreased their price target 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of GBX 7,042.31 ($92.02).
Randgold Resources Company Profile (LON:RRS)
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).
Featured Story: What is an Initial Public Offering (IPO)?
Receive News & Ratings for Randgold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Randgold Resources and related companies with MarketBeat.com's FREE daily email newsletter.