Randgold Resources Limited Given New GBX 5,200 Price Target at RBC Capital (RRS)
Stock analysts at RBC Capital dropped their target price on shares of Randgold Resources Limited (LON:RRS) from GBX 5,300 ($90.00) to GBX 5,200 ($88.30) in a report issued on Friday. The firm currently has a “neutral” rating on the stock. RBC Capital’s target price would indicate a potential upside of 1.56% from the stock’s previous close.
Randgold Resources Limited (LON:RRS) opened at 5010.00 on Friday. Randgold Resources Limited has a 1-year low of GBX 3600.00 and a 1-year high of GBX 5440.00. The stock has a 50-day moving average of GBX 4951.02 and a 200-day moving average of GBX 4673.64. The company’s market cap is £4.635 billion.
RRS has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Randgold Resources Limited in a research note on Friday. They now have a GBX 5,900 ($100.19) price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Randgold Resources Limited from GBX 4,800 ($81.51) to GBX 5,100 ($86.60) in a research note on Thursday. They now have a “hold” rating on the stock. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of GBX 4,952.82 ($84.10).
Randgold Resources Limited is engage in the exploration and development of gold deposits in Sub-Saharan Africa.
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