RBC Capital Reiterates “Sector Perform” Rating for Randgold Resources Limited (RRS)
Randgold Resources Limited (LON:RRS)‘s stock had its “sector perform” rating reaffirmed by investment analysts at RBC Capital in a note issued to investors on Tuesday, AR Network reports. They currently have a GBX 5,300 ($88.14) price target on the stock. RBC Capital’s target price would indicate a potential upside of 8.81% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Investec downgraded shares of Randgold Resources Limited to a “hold” rating in a research note on Monday. They now have a GBX 4,657 ($77.45) price target on the stock, up previously from GBX 4,306 ($71.61). Separately, analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Randgold Resources Limited in a research note on Monday. Finally, analysts at Citigroup Inc. upgraded shares of Randgold Resources Limited to a “neutral” rating in a research note on Monday, February 17th. They now have a GBX 4,897 ($81.44) price target on the stock, up previously from GBX 3,544 ($58.94). Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 4,285.72 ($71.27).
Randgold Resources Limited (LON:RRS) traded down 0.08% on Tuesday, hitting GBX 4871.00. The stock had a trading volume of 751,067 shares. 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 4288.41 and a 200-day moving average of GBX 4431.33. The company’s market cap is £4.493 billion.
Randgold Resources Limited is engage in the exploration and development of gold deposits in Sub-Saharan Africa.
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