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Randgold Resources Ltd (LON:RRS) target price lowered to 7,650.00GBX, reported today by JP Morgan Cazenove

In a report released on 9/15/2016 JP Morgan Cazenove bumped down the target price of Randgold Resources Ltd (LON:RRS) from 7,850GBX to 7,650GBX reporting a possible upside of 0.03%.

Previously on 9/07/2016, Berenberg released a statement about Randgold Resources Ltd(LON:RRS) bumped the target price from 0.00GBX to 7,190.00GBX that suggested an upside of 0.00%.

Just yesterday Randgold Resources Ltd (LON:RRS) traded 0.67% lower at 7,457.50GBX. Randgold Resources Ltd’s 50-day moving average is 8,124.03GBX and its two hundred day moving average is 7,178.37GBX. With the last stock price up 2.81% relative to the two hundred day average, compared with the S&P 500 which has fallen -0.01% over the same time period. 10,426 shares of the stock exchanged hands, down from ann avg. volume of 618,166.

See Graph Below:

Randgold Resources Ltd (LON:RRS)

Randgold Resources Ltd has a PE of 37 with a one-year low of 3,602.00GBX and a 52 week high of 9,820.00GBX. RRS’s total market value is presently 0.0 GBX.

In addition to JP Morgan Cazenove reporting it’s price target, a total of 22 brokers have released a ratings update on Randgold Resources Ltd. The 12-month target is 94.84GBX with two analysts rating the company a strong buy, four analysts rating the company a buy, 14 analyts rating the stock a hold, one firm rating the stock to underperform, and finally one brokeragerating the stock as sell.

Brief Synopsis 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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