Randgold Resources Limited Rating Reiterated by Numis Securities Ltd (RRS)
Randgold Resources Limited (LON:RRS)‘s stock had its “buy” rating restated by investment analysts at Numis Securities Ltd in a note issued to investors on Tuesday. They currently have a GBX 5,900 ($99.19) price objective on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 34.70% from the company’s current price.
Shares of Randgold Resources Limited (LON:RRS) traded up 0.64% during mid-day trading on Tuesday, hitting GBX 4408.00. 127,555 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 has a 50-day moving average of GBX 4559.18 and a 200-day moving average of GBX 4418.43. The company’s market cap is £4.078 billion.
A number of other firms have also recently commented on RRS. Analysts at Barclays reiterated an “overweight” rating on shares of Randgold Resources Limited in a research note on Monday. Separately, analysts at Westhouse Securities initiated coverage on shares of Randgold Resources Limited in a research note on Friday. They set an “add” rating and a GBX 5,000 ($84.06) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Randgold Resources Limited in a research note on Friday, May 30th. They now have a GBX 5,000 ($84.06) price target on the stock. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of GBX 4,747.42 ($79.82).
Randgold Resources Limited is engage in the exploration and development of gold deposits in Sub-Saharan Africa.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.