Citigroup Inc. Upgrades Randgold Resources Limited to “Neutral” (RRS)
Randgold Resources Limited (LON:RRS) was upgraded by equities research analysts at Citigroup Inc. to a “neutral” rating in a research note issued to investors on Monday, AR Network reports. The firm currently has a GBX 4,897 ($82.07) price target on the stock, up from their previous price target of GBX 3,544 ($59.39). Citigroup Inc.’s price target suggests a potential upside of 2.58% from the stock’s previous close.
RRS has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd raised their price target on shares of Randgold Resources Limited from GBX 5,000 ($83.79) to GBX 5,500 ($92.17) in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Davy Research reiterated an “outperform” rating on shares of Randgold Resources Limited in a research note on Tuesday, February 4th. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Randgold Resources Limited in a research note on Tuesday, February 4th. They now have a GBX 4,500 ($75.41) price target on the stock. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 4,216.82 ($70.67).
Shares of Randgold Resources Limited (LON:RRS) opened at 4868.00 on Monday. Randgold Resources Limited has a 52 week low of GBX 3600.00 and a 52 week high of GBX 5760.00. The stock has a 50-day moving average of GBX 4098.91 and a 200-day moving average of GBX 4426.25. The company’s market cap is £4.490 billion.
Randgold Resources Limited is engage in the exploration and development of gold deposits in Sub-Saharan Africa.
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