Randgold Resources (RRS)

- Shares are testing the 2012 high point having made a 3-year bullish triple bottom reversal
- Rising support gained at a 2.5-year trend line
- Note volumes decreasing through 2016
- Shares in Gold miners tend to move more than the Gold price itself
- RRS currently has a dividend yield of 0.75%
Broker Consensus: 19% Buy, 67% Hold, 14% Sell
Bullish: CIBC World Markets, Sector Outperform, Target 7250p, -4% (15 Jan)
Average Target: 6151p, -18% (24 June)
Bearish: Mirabaud Securities, Sell, Target 4900p, -35% (31 March)
N.B. All pricing and consensus data was sourced from Bloomberg on 24 June. Brokers are sure to update their recommendations in light of the current situation. Please contact us for a full, up to date rundown.
