Randgold Resources Ltd’s “Hold” Rating Reaffirmed at Liberum Capital (RRS)
Randgold Resources Ltd (LON:RRS)‘s stock had its “hold” rating restated by research analysts at Liberum Capital in a report released on Wednesday, AnalystRatingsNetwork reports. They currently have a GBX 4,290 ($70.70) price objective on the stock. Liberum Capital’s price objective points to a potential upside of 13.19% from the stock’s previous close.
Randgold Resources Ltd (LON:RRS) traded down 1.35% on Wednesday, hitting GBX 3790.0002. 629,714 shares of the company’s stock traded hands. Randgold Resources Ltd has a 52-week low of GBX 3600.00 and a 52-week high of GBX 6465.8784. The stock’s 50-day moving average is GBX 3917.57 and its 200-day moving average is GBX 4441.. The company’s market cap is £3.496 billion.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of Randgold Resources Ltd from GBX 5,200 ($85.70) to GBX 4,500 ($74.16) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Randgold Resources Ltd in a research note to investors on Tuesday. They now have a GBX 4,500 ($74.16) price target on the stock. Finally, analysts at Numis Securities Ltd cut their price target on shares of Randgold Resources Ltd from GBX 6,000 ($98.88) to GBX 5,000 ($82.40) in a research note to investors on Monday. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 4,167.56 ($68.68).
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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