Is Randgold Resources Limited a Buy? The Stock Rises Again

 Is Randgold Resources Limited a Buy? The Stock Rises Again

The stock of Randgold Resources Limited (LON:RRS) is a huge mover today! The stock decreased 0.46% or GBX 27.7 on November 22, hitting GBX 5977.3. About 1.02M shares traded hands or 17.95% up from the average. Randgold Resources Limited (LON:RRS) has declined 8.18% since April 22, 2016 and is downtrending. It has underperformed by 12.74% the S&P500.
The move comes after 9 months positive chart setup for the GBX 5.64 billion company. It was reported on Nov, 22 by Barchart.com. We have GBX 6156.62 PT which if reached, will make LON:RRS worth GBX 169.20M more.

Randgold Resources Limited (LON:RRS) Ratings Coverage

Out of 22 analysts covering Randgold Resources Ltd (LON:RRS), 14 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 64% are positive. Randgold Resources Ltd has been the topic of 163 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Barclays Capital maintained Randgold Resources Limited (LON:RRS) on Thursday, November 10 with “Overweight” rating. Numis Securities maintained the shares of RRS in a report on Wednesday, August 5 with “Add” rating. Panmure Gordon maintained Randgold Resources Limited (LON:RRS) rating on Friday, April 1. Panmure Gordon has “Hold” rating and GBX 6000 price target. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, January 6. On Tuesday, May 17 the stock rating was maintained by Macquarie Research with “Neutral”. The stock of Randgold Resources Limited (LON:RRS) has “Buy” rating given on Thursday, August 11 by Goldman Sachs. The stock has “Hold” rating given by Numis Securities on Friday, August 5. The stock has “Buy” rating given by Numis Securities on Tuesday, August 11. The stock of Randgold Resources Limited (LON:RRS) has “Hold” rating given on Thursday, August 4 by Canaccord Genuity. The firm has “Sector Performer” rating by RBC Capital Markets given on Monday, April 11.

More news for Randgold Resources Limited (LON:RRS) were recently published by: Nasdaq.com, which released: “Randgold Resources Limited (Nasdaq: GOLD) to Ring The Nasdaq Stock Market …” on November 18, 2016. Marketwired.com‘s article titled: “Randgold Resources Limited: 3rd Quarter Results and updates” and published on November 03, 2016 is yet another important article.

Randgold Resources Limited is engaged in the gold mining, exploration and related activities. The company has a market cap of 5.64 billion GBP. The Company’s activities are focused on West and Central Africa. It has a 32.6 P/E ratio. The Firm operates through the gold mining segment.

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