Deutsche Bank Increases Randgold Resources Limited Price Target to GBX 5,000 (RRS)
Investment analysts at Deutsche Bank boosted their target price on shares of Randgold Resources Limited (LON:RRS) from GBX 4,990 ($84.18) to GBX 5,000 ($84.35) in a note issued to investors on Friday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price would suggest a potential upside of 10.16% from the stock’s previous close.
Randgold Resources Limited (LON:RRS) traded up 0.20% during mid-day trading on Friday, hitting GBX 4539.00. 333,971 shares of the company’s stock traded hands. Randgold Resources Limited has a 52-week low of GBX 3600.00 and a 52-week high of GBX 5440.1499. The stock has a 50-day moving average of GBX 4674.24 and a 200-day moving average of GBX 4446.43. The company’s market cap is £4.187 billion.
A number of other analysts have also recently weighed in on RRS. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Randgold Resources Limited in a research note on Thursday. They now have a GBX 4,800 ($80.97) price target on the stock. Separately, analysts at Investec reiterated a “hold” rating on shares of Randgold Resources Limited in a research note on Thursday, May 1st. They now have a GBX 4,722 ($79.66) price target on the stock, up previously from GBX 4,603 ($77.65). Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Randgold Resources Limited in a research note on Friday, April 25th. They now have a GBX 6,200 ($104.59) price target on the stock. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of GBX 4,808.55 ($81.12).
Randgold Resources Limited is engage in the exploration and development of gold deposits in Sub-Saharan Africa.
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