Randgold Resources Limited Given Buy Rating at Numis Securities Ltd (RRS)
Randgold Resources Limited (LON:RRS)‘s stock had its “buy” rating restated by stock analysts at Numis Securities Ltd in a report issued on Tuesday. They currently have a GBX 5,900 ($99.24) price target on the stock. Numis Securities Ltd’s target price indicates a potential upside of 30.24% from the stock’s previous close.
A number of other analysts have also recently weighed in on RRS. Analysts at Davy Research reiterated an “outperform” rating on shares of Randgold Resources Limited in a research note on Wednesday, May 14th. They now have a GBX 4,390 ($73.84) price target on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Randgold Resources Limited to a “neutral” rating in a research note on Wednesday, May 14th. They now have a GBX 5,300 ($89.15) price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Randgold Resources Limited from GBX 4,990 ($83.94) to GBX 5,000 ($84.10) in a research note on Friday, May 9th. They now have a “buy” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Randgold Resources Limited has a consensus rating of “Buy” and a consensus target price of GBX 4,700.05 ($79.06).
Shares of Randgold Resources Limited (LON:RRS) traded down 1.28% during mid-day trading on Tuesday, hitting GBX 4472.00. 145,970 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 5440.00. The stock’s 50-day moving average is GBX 4659.33 and its 200-day moving average is GBX 4438.20. The company’s market cap is £4.137 billion.
Randgold Resources Limited is engage in the exploration and development of gold deposits in Sub-Saharan Africa.
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