Barclays Lowers Randgold Resources Ltd Price Target to GBX 4,000 (RRS)
Equities researchers at Barclays dropped their price objective on shares of Randgold Resources Ltd (LON:RRS) from GBX 6,500 ($106.61) to GBX 4,000 ($65.61) in a research report issued on Friday, AmericanBankingNews.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target would indicate a potential upside of 7.76% from the company’s current price.
A number of other analysts have also recently weighed in on RRS. Analysts at Canaccord Genuity downgraded shares of Randgold Resources Ltd to a “hold” rating in a research note to investors on Friday, December 20th. They now have a GBX 4,100 ($67.25) price target on the stock, down previously from GBX 5,700 ($93.49). Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Randgold Resources Ltd in a research note to investors on Friday, December 6th. They now have a GBX 4,500 ($73.81) price target on the stock. Finally, analysts at Investec upgraded shares of Randgold Resources Ltd to a “buy” rating in a research note to investors on Wednesday, December 4th. They now have a GBX 5,095 ($83.57) price target on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. Randgold Resources Ltd currently has a consensus rating of “Buy” and a consensus target price of GBX 4,323.56 ($70.91).
Shares of Randgold Resources Ltd (LON:RRS) opened at 3712.00 on Friday. Randgold Resources Ltd has a 52 week low of GBX 3600.00 and a 52 week high of GBX 6465.8784. The stock has a 50-day moving average of GBX 3957.42 and a 200-day moving average of GBX 4440.97. The company’s market cap is £3.424 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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