Randgold Resources Limited’s Buy Rating Reaffirmed at Deutsche Bank (RRS)
Randgold Resources Limited (LON:RRS)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Wednesday. They currently have a GBX 5,000 ($84.13) price target on the stock. Deutsche Bank’s target price would suggest a potential downside of 2.15% from the company’s current price.
Randgold Resources Limited (LON:RRS) traded up 0.79% during mid-day trading on Wednesday, hitting GBX 5110.00. 563,747 shares of the company’s stock traded hands. Randgold Resources Limited has a 1-year low of GBX 3600.00 and a 1-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.
RRS has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Canaccord Genuity raised their price target on shares of Randgold Resources Limited from GBX 4,800 ($80.77) to GBX 5,100 ($85.82) in a research note on Thursday, July 31st. They now have a “hold” rating on the stock. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Randgold Resources Limited currently has a consensus 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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