Randgold Resources Limited Receives “Add” Rating from Westhouse Securities (RRS)
Randgold Resources Limited (LON:RRS)‘s stock had its “add” rating reaffirmed by equities research analysts at Westhouse Securities in a research note issued to investors on Monday. They currently have a GBX 5,000 ($84.90) price objective on the stock. Westhouse Securities’ target price indicates a potential downside of 3.29% from the stock’s previous close.
Shares of Randgold Resources Limited (LON:RRS) traded up 1.08% on Monday, hitting GBX 5170.00. The stock had a trading volume of 240,072 shares. 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 4902.77 and its 200-day moving average is GBX 4649.31. The company’s market cap is £4.783 billion.
A number of other analysts have also recently weighed in on RRS. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Randgold Resources Limited in a research note on Monday, July 21st. They now have a GBX 5,300 ($90.00) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Randgold Resources Limited in a research note on Wednesday, July 16th. They now have a GBX 5,900 ($100.19) price target on the stock. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 4,941.06 ($83.90).
Randgold Resources Limited is engage in the exploration and development of gold deposits in Sub-Saharan Africa.
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