Shares of Randgold Resources Limited (LON:RRS) have been given a consensus recommendation of “Buy” by the twelve brokerages that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 6,605.56 ($86.31).
Several brokerages have commented on RRS. JPMorgan Chase & Co. lowered their target price on Randgold Resources from GBX 6,256 ($81.75) to GBX 6,240 ($81.54) and set a “neutral” rating for the company in a research note on Monday, November 19th. Royal Bank of Canada raised Randgold Resources to a “sector performer” rating and boosted their target price for the stock from GBX 4,500 ($58.80) to GBX 5,000 ($65.33) in a research note on Wednesday, October 31st. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 7,000 ($91.47) target price (down previously from GBX 9,000 ($117.60)) on shares of Randgold Resources in a research note on Wednesday, October 17th.
LON RRS remained flat at $GBX 6,546 ($85.54) during trading on Friday. Randgold Resources has a 12-month low of GBX 5,760 ($75.26) and a 12-month high of GBX 8,255 ($107.87).
The company also recently declared a dividend, which was paid on Friday, January 11th. Stockholders of record on Monday, December 31st were issued a dividend of $2.69 per share. This is a boost from Randgold Resources’s previous dividend of $2.00. This represents a dividend yield of 3.09%. The ex-dividend date was Monday, December 31st.
About Randgold Resources
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).
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