Randgold Resources Limited Receives Consensus Rating of “Buy” from Analysts (LON:RRS)
Shares of Randgold Resources Limited (LON:RRS) have been given a consensus recommendation of “Buy” by the twenty-one ratings firms that are presently covering the company, American Banking and Market News reports. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 4,941.06 ($83.90).
Several analysts have recently commented on the stock. Analysts at Westhouse Securities reiterated an “add” rating on shares of Randgold Resources Limited in a research note on Monday. They now have a GBX 5,000 ($84.90) price target on the stock. Separately, 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. Finally, 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.
Randgold Resources Limited (LON:RRS) traded up 0.77% on Tuesday, hitting GBX 5210.00. 171,203 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 4902.77 and a 200-day moving average of GBX 4649.31. The company’s market cap is £4.820 billion.
Randgold Resources Limited is engage in the exploration and development of gold deposits in Sub-Saharan Africa.
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