Randgold Resources Ltd Given Overweight Rating at HSBC (RRS)
Randgold Resources Ltd (LON:RRS)‘s stock had its “overweight” rating reaffirmed by equities research analysts at HSBC in a research note issued to investors on Wednesday, AnalystRatings.NET reports.
A number of other analysts have also recently weighed in on RRS. Analysts at Investec cut their price target on shares of Randgold Resources Ltd from GBX 5,095 ($83.63) to GBX 4,306 ($70.68) in a research note to investors on Thursday, January 16th. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Randgold Resources Ltd from GBX 4,100 ($67.30) to GBX 3,800 ($62.38) in a research note to investors on Wednesday, January 15th. They now have a “hold” rating on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of Randgold Resources Ltd in a research note to investors on Wednesday, January 15th. They now have a GBX 4,290 ($70.42) price target on the stock. One investment 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 has a consensus rating of “Buy” and a consensus price target of GBX 4,340.58 ($71.25).
Shares of Randgold Resources Ltd (LON:RRS) opened at 4164.00 on Wednesday. Randgold Resources Ltd has a one year low of GBX 3600.00 and a one year high of GBX 6465.8784. The stock’s 50-day moving average is GBX 3893. and its 200-day moving average is GBX 4436.. The company’s market cap is £3.841 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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