Trading Report: Today, Randgold Resources Limited (RRS) Rating Reiterate by JPMorgan Chase & Co.

Today, Randgold Resources Limited (RRS) Rating Reiterate by JPMorgan Chase & Co.

Randgold Resources Limited (LON:RRS)‘s stock had its “overweight” rating restated by analysts at JPMorgan Chase & Co. in a report released on Monday. They presently have a GBX 8,300 ($103.70) price target on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 46.13% from the stock’s current price.

Other analysts also recently issued reports about the stock. Morgan Stanley downgraded shares of Randgold Resources Limited to an “underweight” rating and raised their price objective for the company from GBX 5,750 ($71.84) to GBX 6,860 ($85.71) in a research report on Tuesday, July 26th. Numis Securities Ltd reiterated a “hold” rating on shares of Randgold Resources Limited in a report on Tuesday, July 26th. Panmure Gordon downgraded shares of Randgold Resources Limited to a “hold” rating and set a GBX 6,750 ($84.33) price target on the stock. in a report on Thursday, August 4th. Canaccord Genuity reiterated a “hold” rating on shares of Randgold Resources Limited in a report on Thursday, August 4th. Finally, Barclays PLC reiterated an “overweight” rating and issued a GBX 6,300 ($78.71) price target on shares of Randgold Resources Limited in a report on Friday, August 5th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 6,949.16 ($86.82).

Randgold Resources Limited (LON:RRS) traded up 0.70% during mid-day trading on Monday, reaching GBX 5720.00. 524,759 shares of the company’s stock traded hands. Randgold Resources Limited has a one year low of GBX 3,918.00 and a one year high of GBX 9,820.00. The firm’s 50-day moving average price is GBX 6,698.65 and its 200 day moving average price is GBX 7,364.72. The firm’s market cap is GBX 5.36 billion.

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