Randgold Resources Ltd Stock Rating Reaffirmed by Goldman Sachs Group Inc. (RRS)
Randgold Resources Ltd (LON:RRS)‘s stock had its “neutral/neutral” rating reiterated by equities researchers at Goldman Sachs Group Inc. in a research report issued on Friday, American Banking News.com reports. They currently have a GBX 4,350 ($71.68) price objective on the stock. Goldman Sachs Group Inc.’s target price suggests a potential upside of 5.02% from the stock’s previous close.
Randgold Resources Ltd (LON:RRS) opened at 4157.00 on Friday. 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 3914.11 and its 200-day moving average is GBX 4432.87. The company’s market cap is £3.834 billion.
A number of other firms have also recently commented on RRS. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Randgold Resources Ltd in a research note to investors on Wednesday. They now have a GBX 4,500 ($74.15) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Randgold Resources Ltd in a research note to investors on Friday, January 24th. They now have a GBX 4,500 ($74.15) price target on the stock. Finally, analysts at HSBC reiterated an “overweight” rating on shares of Randgold Resources Ltd in a research note to investors on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 4,332.68 ($71.39).
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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