Randgold Resources Ltd Rating Lowered to Sell at Citigroup Inc. (RRS)
Randgold Resources Ltd (LON:RRS) was downgraded by equities researchers at Citigroup Inc. from a “neutral” rating to a “sell” rating in a research report issued on Wednesday, Analyst Ratings Network.com reports. They currently have a GBX 4,226 ($68.18) target price on the stock, down from their previous target price of GBX 4,733 ($76.36). Citigroup Inc.’s price target points to a potential downside of 3.87% from the company’s current price.
Randgold Resources Ltd (LON:RRS) traded up 1.34% during mid-day trading on Wednesday, hitting GBX 4396.00. The stock had a trading volume of 386,010 shares. Randgold Resources Ltd has a one year low of GBX 3934.00 and a one year high of GBX 7891.8677. 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 £4.053 billion.
Several other analysts have also recently commented on the stock. Analysts at Merrill Lynch cut their price target on shares of Randgold Resources Ltd (LON:RRS) from GBX 7,512 ($121.20) to GBX 7,500 ($121.01) in a research note to investors on Friday, September 27th. They now have a “buy” rating on the stock. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Randgold Resources Ltd (LON:RRS) in a research note to investors on Friday, September 27th. They now have a GBX 7,500 ($121.01) price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Randgold Resources Ltd (LON:RRS) from GBX 4,840 ($78.09) to GBX 5,050 ($81.48) in a research note to investors on Thursday, September 26th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company’s stock. Randgold Resources Ltd has an average rating of “Buy” and an average target price of GBX 4,575.71 ($73.83).
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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