Randgold Resources Ltd Stock Rating Reaffirmed by Goldman Sachs Group Inc. (RRS)
Randgold Resources Ltd (LON:RRS)‘s stock had its “neutral” rating restated by research analysts at Goldman Sachs Group Inc. in a report released on Tuesday, Analyst Ratings Network reports. They currently have a GBX 4,500 ($74.16) price target on the stock. Goldman Sachs Group Inc.’s price target would indicate a potential upside of 15.62% from the company’s current price.
Shares of Randgold Resources Ltd (LON:RRS) traded up 2.69% on Tuesday, hitting GBX 3891.9998. The stock had a trading volume of 606,367 shares. Randgold Resources Ltd has a 1-year low of GBX 3600.00 and a 1-year high of GBX 6465.8784. The stock’s 50-day moving average is GBX 3909. and its 200-day moving average is GBX 4437.66. The company’s market cap is £3.590 billion.
A number of other firms have also recently commented on RRS. 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. Separately, 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, January 10th. They now have an “overweight” rating on the stock. Finally, 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). One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. Randgold Resources Ltd has an average rating of “Buy” and a consensus target price of GBX 4,128.11 ($68.03).
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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