Randgold Resources Ltd PT Raised to GBX 4,733 at Citigroup Inc. (RRS)
Equities researchers at Citigroup Inc. boosted their price objective on shares of Randgold Resources Ltd (LON:RRS) from GBX 4,550 ($72.88) to GBX 4,733 ($75.81) in a research report issued on Monday, Analyst Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price objective points to a potential upside of 2.42% from the stock’s previous close.
Shares of Randgold Resources Ltd (LON:RRS) traded down 1.18% on Monday, hitting GBX 4621.00. The stock had a trading volume of 353,714 shares. Randgold Resources Ltd has a 52 week low of GBX 3934.00 and a 52 week high of GBX 7891.8701. The stock has a 50-day moving average of GBX 4854.49 and a 200-day moving average of GBX 4916.68. The company’s market cap is £4.261 billion.
Several other analysts have also recently commented on the stock. Analysts at Clarus Securities reiterated a “buy” rating on shares of Randgold Resources Ltd (LON:RRS) in a research note to investors on Monday, September 16th. They now have a GBX 6,271.95 ($100.46) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Randgold Resources Ltd (LON:RRS) in a research note to investors on Thursday, September 12th. They now have a GBX 6,130 ($98.19) price target on the stock. Finally, analysts at Investec raised their price target on shares of Randgold Resources Ltd (LON:RRS) from GBX 4,981 ($79.79) to GBX 5,018 ($80.38) in a research note to investors on Tuesday, September 10th. They now have a “hold” rating on the stock.
Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of GBX 4,444.29 ($71.19).
Randgold Resources Limited is engaged in gold mining, exploration and related activities. The Company’s activities are focused on West and Central Africa.
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