Macquarie announced Randgold Resources Ltd (LON:RRS), upholding its stock price target at 9,500.00GBX today
- Updated: September 19, 2016
Showing a price of 7,602.50GBX, Randgold Resources Ltd (LON:RRS) traded 0.80% higher on the day. The last stock price is up 5.33% relative to the 200-day average, compared with the S&P 500 which has decreased -0.01% over the same time. RRS has been tracking to a 50-day average of 7,990.71GBX and 200-day moving average of 7,201.13GBX. Trading volume was was down over the average, with 49,817 shares of RRS changing hands under the typical 614,841 shares.
Stating a possible upside of 0.25%, Macquarie held the target stock price of Randgold Resources Ltd (LON:RRS) at 9,500GBX
On 9/15/2016, JP Morgan Cazenove released a statement on Randgold Resources Ltd(LON:RRS) lowered the target price from 7,850.00GBX to 7,650.00GBX that suggested an upside of 0.03%.
Recent Performance Chart:
A total of 22 brokerages have issued a ratings update on the stock. Two analysts rate the stock a strong buy, four analysts rate the company a buy, 14 firms rate the company a hold, one firm rate the company to underperform, and lastly one brokeragerate the company as sell with an average target stock price of 94.84GBX
With a market cap of 0.0 GBX, Randgold Resources Ltd has a price-earnings of 38 with a 52 week low of 3,710.00GBX and a 52 week high of 9,820.00GBX.
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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