Zacks Investment Research upgraded shares of RANDGOLD RSRCS (GOLD) from UNDERPERFORM to NEUTRAL on May 15, 2013, with a target price of $75.70.
Randgold Resources is an international gold mining and exploration business. It has to date discovered the 7 Moz Morila deposit in southern Mali, the plus 5 Moz Yalea deposit in western Mali and the 3 Moz Tongon deposit in the C te d'Ivoire. The Company successfully developed the Morila deposit into one of the world's largest and highest-margin gold mines. In addition, Randgold Resources has a portfolio of prospective exploration projects across Africa in Mali, C te d'Ivoire, Senegal, Burkina Faso, Ghana and Tanzania.
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