Randgold Resources Limited Rating Lowered to Add at Numis Securities Ltd (RRS)
Randgold Resources Limited (LON:RRS) was downgraded by Numis Securities Ltd to an “add” rating in a research note issued on Friday. They currently have a GBX 5,800 ($97.59) target price on the stock, down from their previous target price of GBX 5,900 ($99.28). Numis Securities Ltd’s price target suggests a potential upside of 13.50% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Randgold Resources Limited in a research note on Friday. They now have a GBX 5,100 ($85.82) price target on the stock. Separately, 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. Finally, analysts at Investec reiterated a “hold” rating on shares of Randgold Resources Limited in a research note on Thursday. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Randgold Resources Limited currently has a consensus rating of “Hold” and a consensus price target of GBX 4,981.73 ($83.83).
Shares of Randgold Resources Limited (LON:RRS) traded up 0.79% on Friday, hitting GBX 5110.00. 563,747 shares of the company’s stock traded hands. Randgold Resources Limited has a 52-week low of GBX 3600.00 and a 52-week high of GBX 5440.1499. The stock’s 50-day moving average is GBX 5031.35 and its 200-day moving average is GBX 4718.22. The company’s market cap is £4.730 billion.
Randgold Resources Limited is engage in the exploration and development of gold deposits in Sub-Saharan Africa.
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