Randgold Resources Limited Price Target Raised to GBX 5,650 at Westhouse Securities (RRS)
Research analysts at Westhouse Securities upped their price target on shares of Randgold Resources Limited (LON:RRS) from GBX 5,000 ($84.13) to GBX 5,650 ($95.07) in a report released on Thursday. The firm currently has an “add” rating on the stock. Westhouse Securities’ price objective points to a potential upside of 10.57% from the stock’s previous close.
Shares of Randgold Resources Limited (LON:RRS) traded up 0.79% on Thursday, hitting GBX 5110.00. The stock had a trading volume of 563,747 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 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 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. Separately, 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. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Randgold Resources Limited in a research note on Friday, August 1st. They now have a GBX 5,900 ($99.28) price target on the stock. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Randgold Resources Limited 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.
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