ANALYSTS ONCE AGAIN28 Jan 2013 09:36
The headwinds are receding for Randgold Resources (LON:RRS), which has been upgraded to ‘buy’ from ‘neutral’ by the mining team at Bank of America Merrill Lynch.
Setting a price target of £85 a share, it told investors that a strong recovery in Tonga allied to the commissioning of operations in Kibali could propel output towards one million ounces of the precious metal in 2014 from just over 800,000 ounces currently.