Canaccord Genuity Reiterates Hold Rating for Randgold Resources Limited (RRS)
Randgold Resources Limited (LON:RRS)‘s stock had its “hold” rating reiterated by investment analysts at Canaccord Genuity in a note issued to investors on Friday. They currently have a GBX 5,100 ($85.82) target price on the stock. Canaccord Genuity’s price target would indicate a potential downside of 0.20% from the company’s current price.
Shares of Randgold Resources Limited (LON:RRS) traded up 0.79% during mid-day trading on Friday, hitting GBX 5110.00. 563,747 shares of the company’s stock traded hands. Randgold Resources Limited has a one year low of GBX 3600.00 and a one year high of GBX 5440.1499. The stock has a 50-day moving average of GBX 5031.35 and a 200-day moving average of GBX 4718.22. The company’s market cap is £4.730 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura cut their price target on shares of Randgold Resources Limited from GBX 6,000 ($100.96) to GBX 5,600 ($94.23) in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Investec reiterated a “hold” rating on shares of Randgold Resources Limited in a research note on Thursday. Finally, analysts at Westhouse Securities raised their price target on shares of Randgold Resources Limited from GBX 5,000 ($84.13) to GBX 5,650 ($95.07) in a research note on Thursday. They now have an “add” rating on the stock. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 4,981.73 ($83.83).
Randgold Resources Limited is engage in the exploration and development of gold deposits in Sub-Saharan Africa.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.