Randgold Resources Ltd Rating Reiterated by Societe Generale (RRS)
Randgold Resources Ltd (LON:RRS)‘s stock had its “hold” rating restated by investment analysts at Societe Generale in a note issued to investors on Wednesday, AR Network reports.
A number of other firms have also recently commented on RRS. Analysts at Nomura raised their price target on shares of Randgold Resources Ltd from GBX 4,370 ($70.67) to GBX 4,600 ($74.39) in a research note to investors on Wednesday, October 16th. They now have a “neutral” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Randgold Resources Ltd in a research note to investors on Tuesday, October 8th. They now have a GBX 5,050 ($81.66) price target on the stock. Finally, 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 ($68.34) price target on the stock, down previously from GBX 4,733 ($76.54). One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company. Randgold Resources Ltd currently has a consensus rating of “Buy” and an average target price of GBX 4,565.48 ($73.83).
Randgold Resources Ltd (LON:RRS) traded down 0.06% during mid-day trading on Wednesday, hitting GBX 4639.00. 232,516 shares of the company’s stock traded hands. Randgold Resources Ltd has a 52-week low of GBX 3934.00 and a 52-week high of GBX 7505.0005. The stock has a 50-day moving average of GBX 4597.18 and a 200-day moving average of GBX 4762.14. The company’s market cap is £4.277 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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