Deutsche Bank Reiterates Buy Rating for Randgold Resources Ltd (RRS)
Randgold Resources Ltd (LON:RRS)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Tuesday, American Banking News reports. They currently have a GBX 5,050 ($81.02) target price on the stock. Deutsche Bank’s target price suggests a potential upside of 17.58% from the company’s current price.
A number of other firms have also recently commented on RRS. Analysts at Citigroup Inc. downgraded shares of Randgold Resources Ltd from a “neutral” rating to a “sell” rating in a research note to investors on Wednesday, October 2nd. They now have a GBX 4,226 ($67.80) price target on the stock, down previously from GBX 4,733 ($75.93). Separately, analysts at Merrill Lynch cut their price target on shares of Randgold Resources Ltd from GBX 7,512 ($120.52) to GBX 7,500 ($120.33) in a research note to investors on Friday, September 27th. They now have a “buy” rating on the stock. Finally, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Randgold Resources Ltd in a research note to investors on Friday, September 27th. They now have a GBX 7,500 ($120.33) price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of GBX 4,575.71 ($73.41).
Randgold Resources Ltd (LON:RRS) traded down 2.83% during mid-day trading on Tuesday, hitting GBX 4295.00. 376,698 shares of the company’s stock traded hands. Randgold Resources Ltd has a one year low of GBX 3934.00 and a one year high of GBX 7869.9995. 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 £3.960 billion.
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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