Randgold Resources Limited Given Buy Rating at Numis Securities Ltd (RRS)
Randgold Resources Limited (LON:RRS)‘s stock had its “buy” rating reaffirmed by equities research analysts at Numis Securities Ltd in a research note issued to investors on Wednesday. They currently have a GBX 5,900 ($100.15) price target on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 27.40% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Randgold Resources Limited in a research note on Monday, June 9th. Separately, analysts at Westhouse Securities initiated coverage on shares of Randgold Resources Limited in a research note on Friday, June 6th. They set an “add” rating and a GBX 5,000 ($84.88) 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 ($84.88) price target on the stock. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 4,747.42 ($80.59).
Randgold Resources Limited (LON:RRS) opened at 4612.00 on Wednesday. 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 4541.56 and its 200-day moving average is GBX 4429.79. The company’s market cap is £4.267 billion.
Randgold Resources Limited is engage in the exploration and development of gold deposits in Sub-Saharan Africa.
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