Randgold Resources Ltd Price Target Cut to GBX 5,000 by Analysts at Numis Securities Ltd (RRS)
Stock analysts at Numis Securities Ltd dropped their price objective on shares of Randgold Resources Ltd (LON:RRS) from GBX 6,000 ($98.88) to GBX 5,000 ($82.40) in a report issued on Monday, Analyst RN reports. The firm currently has a “buy” rating on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 34.70% from the stock’s previous close.
Shares of Randgold Resources Ltd (LON:RRS) opened at 3752.00 on Monday. Randgold Resources Ltd has a 52-week low of GBX 3602.00 and a 52-week high of GBX 6465.8784. The stock’s 50-day moving average is GBX 3957.42 and its 200-day moving average is GBX 4440.97. The company’s market cap is £3.461 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays cut their price target on shares of Randgold Resources Ltd from GBX 6,500 ($107.12) to GBX 4,000 ($65.92) in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, 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 ($67.57) price target on the stock, down previously from GBX 5,700 ($93.94). Finally, 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 ($74.16) price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of GBX 4,273.56 ($70.43).
Randgold Resources Limited is engaged in gold mining, exploration and related activities. The Company’s activities are focused on West and Central Africa.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.