Randgold Resources Limited Got Some Good News

By Carrie Williams

In a report released today, Alain Gabriel from Morgan Stanley upgraded Randgold Resources Limited (NASDAQ: GOLD) to Buy. The company’s shares closed yesterday at $71.88.

Randgold Resources Limited has an analyst consensus of Moderate Buy, with a price target consensus of $135.46.

Randgold Resources Limited’s market cap is currently $6.74B and has a P/E ratio of 33.26. The company has a book value ratio of 1.9719.

Randgold Resources Ltd. Is a gold mining and exploration company, which is engaged in the mining, exploration and development of gold deposits. It develops and operates profitable gold mines in Central and West Africa. The company’s projects include Kibali and Massawa and also it has operations in gold mines such as Loula, Morila, Kibali and Tongon. Randgold Resources was founded in August 1995 and is headquartered in St. Helier, Jersey.