Randgold Resources Ltd Price Target Cut to GBX 4,306 by Analysts at Investec (RRS)
Investec lowered their price target on shares of Randgold Resources Ltd (LON:RRS) from GBX 5,095 ($83.97) to GBX 4,306 ($70.96) in a research note issued on Thursday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Investec’s price objective suggests a potential upside of 10.64% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity cut their price target on shares of Randgold Resources Ltd from GBX 4,100 ($67.57) to GBX 3,800 ($62.62) in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of Randgold Resources Ltd in a research note to investors on Wednesday. They now have a GBX 4,290 ($70.70) price target on the stock. Finally, 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 4,128.11 ($68.03).
Shares of Randgold Resources Ltd (LON:RRS) traded up 2.69% during mid-day trading on Thursday, hitting GBX 3891.9998. The stock had a trading volume of 606,367 shares. 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 3909. and a 200-day moving average of GBX 4437.66. The company’s market cap is £3.590 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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