Randgold Resources Limited (RRS) Price Target Increased to GBX 6,930 by Analysts at Panmure Gordon

Randgold Resources Limited (LON:RRS) had its price target increased by Panmure Gordon from GBX 6,495 ($84.32) to GBX 6,930 ($89.96) in a report issued on Monday, August 7th. The brokerage currently has a hold rating on the stock.

A number of other equities analysts have also recently issued reports on RRS. Jefferies Group LLC reiterated a buy rating and issued a GBX 9,000 ($116.84) target price on shares of Randgold Resources Limited in a report on Friday, August 4th. Credit Suisse Group increased their price target on Randgold Resources Limited from GBX 6,970 ($90.48) to GBX 7,160 ($92.95) and gave the company a neutral rating in a research report on Friday, August 4th. J P Morgan Chase & Co reissued an overweight rating and issued a GBX 8,300 ($107.75) price target on shares of Randgold Resources Limited in a research report on Friday, August 4th. Numis Securities Ltd reissued a buy rating and issued a GBX 9,000 ($116.84) price target on shares of Randgold Resources Limited in a research report on Friday, August 4th. Finally, Macquarie increased their price target on Randgold Resources Limited from GBX 8,300 ($107.75) to GBX 8,500 ($110.35) and gave the company an outperform rating in a research report on Thursday, June 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of Buy and an average price target of GBX 7,681.41 ($99.72).

Shares of Randgold Resources Limited (RRS) opened at 7495.00 on Monday. Randgold Resources Limited has a 12-month low of GBX 5,410.00 and a 12-month high of GBX 8,460.00. The company’s market capitalization is GBX 7.05 billion. The company has a 50 day moving average of GBX 7,027.70 and a 200-day moving average of GBX 7,146.89.

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In other news, insider Graham Shuttleworth sold 7,000 shares of Randgold Resources Limited stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of GBX 7,697 ($99.92), for a total transaction of £538,790 ($699,454.76). Also, insider Safiatou Francoise Ba-N’Dawrrs purchased 32 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were acquired at an average price of GBX 7,250 ($94.12) per share, with a total value of £2,320 ($3,011.81).

About Randgold Resources Limited

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).

Analyst Recommendations for Randgold Resources Limited (LON:RRS)

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