JP Morgan Cazenove disclosed Randgold Resources Ltd (LON:RRS), boosting its stock price target to 7,850.00GBX earlier today
- Updated: September 18, 2016
Randgold Resources Ltd (LON:RRS) had its estimated target price raised to 7,850GBX by JP Morgan Cazenove in a report issued 8/15/2016. The increased target price suggests a potential downside of -0.08% from the company’s previous stock close price.
On Thursday August 11 2016, Goldman Sachs released a statement for Randgold Resources Ltd(LON:RRS) bumped the target price at 12,000.00GBX that suggested an upside of 0.41%.
Just yesterday Randgold Resources Ltd (LON:RRS) traded 0.41% lower at 8,515.00GBX. RRS’s 50-day moving average is 8,041.89GBX and its 200-day average is 7,184.55GBX. The last stock price close is up 2.44% relative to the 200-day moving average, compared with the S&P 500 Index which has fallen -0.01% over the same time period. Volume of trade was was up over the average, with 625,408 shares of RRS changing hands over the typical 612,288 shares..
See Graph Below:
With a market capitalization of 0.0 GBX, Randgold Resources Ltd has a P/E of 36 with a one-year low of 3,710.00GBX and a 52 week high of 9,820.00GBX.
A total of 22 brokerages have reported on Randgold Resources Ltd. Two analysts rate the company a strong buy, four analysts rate the stock a buy, 14 analyts rate the stock a hold, one firm rate the company to underperform, and finally one firmrate the company as sell with a consensus target of 94.84GBX
More About Randgold Resources Ltd (LON:RRS)
Randgold Resources Limited is engaged in the 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 mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company holds Morila Limited, which holds interests in the Morila mine in Mali. The Company holds a controlling interest in the Loulo mine, located in Mali, through Societe des Mines de Loulo SA (Loulo). The Company has a controlling interest in the Gounkoto mine through Societe des Mines de Gounkoto SA (Gounkoto). The Company holds controlling interest in the Tongon mine, which is located within the Nielle exploitation permit in the north of Cote d’Ivoire. It is exploring in over four African countries, such as Mali, Senegal, Cote d’Ivoire and the Democratic Republic of Congo (DRC), with a portfolio of approximately 141 targets on over 12, and 310 kilometers of ground holding.
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