Randgold Resources Ltd Stock Rating Reaffirmed by Canaccord Genuity (RRS)
Randgold Resources Ltd (LON:RRS)‘s stock had its “hold” rating restated by analysts at Canaccord Genuity in a research report issued to clients and investors on Monday, American Banking News.com reports. They currently have a GBX 3,800 ($62.45) price target on the stock. Canaccord Genuity’s target price would indicate a potential downside of 9.37% from the company’s current price.
Randgold Resources Ltd (LON:RRS) traded up 6.39% during mid-day trading on Monday, hitting GBX 4461.00. The stock had a trading volume of 384,941 shares. 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 3917. and its 200-day moving average is GBX 4431.. The company’s market cap is £4.115 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Randgold Resources Ltd in a research note to investors on Monday. They now have a GBX 5,000 ($82.17) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Randgold Resources Ltd in a research note to investors on Monday. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral/neutral” rating on shares of Randgold Resources Ltd in a research note to investors on Friday. They now have a GBX 4,350 ($71.49) price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of GBX 4,147.94 ($68.17).
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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