Randgold Resources Limited Receives “Hold” Rating from Investec (RRS)
A number of other analysts have also recently weighed in on RRS. Analysts at Westhouse Securities reiterated an “add” rating on shares of Randgold Resources Limited in a research note on Thursday. They now have a GBX 5,000 ($84.13) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Randgold Resources Limited in a research note on Wednesday. They now have a GBX 5,000 ($84.13) price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of Randgold Resources Limited from GBX 5,300 ($89.18) to GBX 5,200 ($87.50) in a research note on Friday, August 1st. They now have a “neutral” rating on the stock. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of GBX 4,967.25 ($83.58).
Shares of Randgold Resources Limited (LON:RRS) opened at 5065.00 on Thursday. 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 5006.24 and a 200-day moving average of GBX 4713.. 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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