Randgold Resources Limited Receives “Buy” Rating from Numis Securities Ltd (RRS)
Randgold Resources Limited (LON:RRS)‘s stock had its “buy” rating restated by equities research analysts at Numis Securities Ltd in a research note issued to investors on Friday. They currently have a GBX 5,900 ($100.19) target price on the stock. Numis Securities Ltd’s price target suggests a potential upside of 16.49% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Westhouse Securities reiterated an “add” rating on shares of Randgold Resources Limited in a research note on Monday, July 28th. They now have a GBX 5,000 ($84.90) price target on the stock. Finally, 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. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 4,952.82 ($84.10).
Randgold Resources Limited (LON:RRS) traded down 1.07% on Friday, hitting GBX 5065.00. The stock had a trading volume of 591,148 shares. Randgold Resources Limited has a 52-week low of GBX 3600.00 and a 52-week high of GBX 5440.1499. The stock has a 50-day moving average of GBX 4966.77 and a 200-day moving average of GBX 4676.35. The company’s market cap is £4.686 billion.
Randgold Resources Limited is engage in the exploration and development of gold deposits in Sub-Saharan Africa.
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