Bank of America Reiterates Buy Rating, $137.36 PT on Randgold Resources - Barrick Gold (NYSE:GOLD)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

In a report published Monday, Bank of America reiterated its Buy rating and $137.36 price target on Randgold Resources (NASDAQ: GOLD).Bank of America noted, “Randgold is a mid-cap pure gold play with output forecast to increase by around 25% to over 1Mozpa by 2014. Randgold has outperformed its peer group through exploration success and, as a result, has delivered superior reserve growth on a per share basis. Operationally, there have been a few setbacks at the Loulo underground and Tongon in recent years, but we believe the group is now well placed to deliver on its growth targets going forward.”Randgold Resources closed on Friday at $95.65.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!