Randgold Resources Limited Price Target Lowered to GBX 5,600 at Nomura (RRS)
Stock analysts at Nomura reduced their price objective on shares of Randgold Resources Limited (LON:RRS) from GBX 6,000 ($100.96) to GBX 5,600 ($94.23) in a report issued on Friday. The firm currently has a “buy” rating on the stock. Nomura’s price objective points to a potential upside of 9.59% from the stock’s previous close.
Shares of Randgold Resources Limited (LON:RRS) traded up 0.79% during mid-day trading on Friday, hitting GBX 5110.00. The stock had a trading volume of 563,747 shares. 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.
A number of other firms have also recently commented on RRS. Analysts at Investec reiterated a “hold” rating on shares of Randgold Resources Limited in a research note on Thursday. Separately, 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. Finally, 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. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Randgold Resources Limited presently has an average rating of “Hold” and an average price target of GBX 4,981.73 ($83.83).
Randgold Resources Limited is engage in the exploration and development of gold deposits in Sub-Saharan Africa.
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