Randgold Resources Limited Rating Reiterated by Numis Securities Ltd (RRS)
Randgold Resources Limited (LON:RRS)‘s stock had its “add” rating reissued by equities researchers at Numis Securities Ltd in a research report issued on Wednesday. They currently have a GBX 5,800 ($96.96) price target on the stock. Numis Securities Ltd’s price objective points to a potential upside of 15.42% from the stock’s previous close.
Randgold Resources Limited (LON:RRS) opened at 4987.9502 on Wednesday. Randgold Resources Limited has a one year low of GBX 3600.00 and a one year high of GBX 5440.00. The stock’s 50-day moving average is GBX 5075.10 and its 200-day moving average is GBX 4770.79. The company’s market cap is £4.621 billion.
RRS has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Randgold Resources Limited in a research note on Friday, August 8th. They now have a GBX 5,100 ($85.26) price target on the stock. Separately, analysts at Nomura cut their price target on shares of Randgold Resources Limited from GBX 6,000 ($100.30) to GBX 5,600 ($93.61) in a research note on Friday, August 8th. They now have a “buy” rating on the stock. Finally, analysts at Investec raised their price target on shares of Randgold Resources Limited from GBX 4,603 ($76.95) to GBX 5,016 ($83.85) in a research note on Thursday, August 7th. They now have a “hold” rating on the stock. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 5,310.46 ($88.77).
Randgold Resources Limited is engage in the exploration and development of gold deposits in Sub-Saharan Africa.
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