Randgold Resources Ltd Stock Rating Reaffirmed by Deutsche Bank (RRS)
Randgold Resources Ltd (LON:RRS)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Friday, Analyst Ratings Network.com reports. They currently have a GBX 4,500 ($73.87) price target on the stock. Deutsche Bank’s price objective points to a potential upside of 5.02% from the stock’s previous close.
RRS has been the subject of a number of other recent research reports. Analysts at HSBC reiterated an “overweight” rating on shares of Randgold Resources Ltd in a research note to investors on Wednesday. Separately, 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. Finally, 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. One research 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’s stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 4,340.58 ($71.25).
Randgold Resources Ltd (LON:RRS) traded up 2.32% on Friday, hitting GBX 4285.0859. The stock had a trading volume of 1,111,926 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 3896.91 and a 200-day moving average of GBX 4435.52. The company’s market cap is £3.953 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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