Trade Report: Today, Randgold Resources Limited (RRS) Upgrade to Overweight by JPMorgan Chase & Co.

Today, Randgold Resources Limited (RRS) Upgrade to Overweight by JPMorgan Chase & Co.

Randgold Resources Limited (LON:RRS) was upgraded by equities researchers at JPMorgan Chase & Co. to an “overweight” rating in a research report issued to clients and investors on Monday. The firm presently has a GBX 8,300 ($103.70) target price on the stock, up from their prior target price of GBX 7,650 ($95.58). JPMorgan Chase & Co.’s price target would suggest a potential upside of 45.10% from the stock’s current price.

A number of other analysts have also recently commented on the company. Macquarie reiterated an “outperform” rating on shares of Randgold Resources Limited in a research report on Monday, August 22nd. Deutsche Bank AG lifted their price objective on Randgold Resources Limited from GBX 7,370 ($92.08) to GBX 7,415 ($92.64) and gave the stock a “hold” rating in a research report on Wednesday, October 5th. Barclays PLC reiterated an “overweight” rating and set a GBX 8,300 ($103.70) price objective on shares of Randgold Resources Limited in a research report on Monday, October 24th. Canaccord Genuity upgraded Randgold Resources Limited to a “buy” rating and set a GBX 8,590 ($107.32) price objective for the company in a research report on Thursday, September 1st. Finally, Jefferies Group upgraded Randgold Resources Limited to a “buy” rating in a research report on Thursday, July 14th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. Randgold Resources Limited presently has an average rating of “Hold” and a consensus target price of GBX 7,074.11 ($88.38).

Shares of Randgold Resources Limited (LON:RRS) traded up 0.70% during mid-day trading on Monday, hitting GBX 5720.00. 524,759 shares of the stock traded hands. The stock has a 50 day moving average price of GBX 6,662.97 and a 200-day moving average price of GBX 7,353.38. Randgold Resources Limited has a one year low of GBX 3,918.00 and a one year high of GBX 9,820.00. The company’s market cap is GBX 5.36 billion.

Related posts

Leave a Comment