Randgold Resources Limited Stock Rating Lowered by Deutsche Bank (RRS)
Randgold Resources Limited (LON:RRS) was downgraded by stock analysts at Deutsche Bank to a “hold” rating in a report issued on Wednesday. They currently have a GBX 5,000 ($82.97) price objective on the stock. Deutsche Bank’s price target points to a potential upside of 0.18% from the stock’s previous close.
Randgold Resources Limited (LON:RRS) traded down 0.72% during mid-day trading on Wednesday, hitting GBX 4955.00. 420,486 shares of the company’s stock traded hands. Randgold Resources Limited has a one year low of GBX 3600.00 and a one year high of GBX 5285.75. The stock’s 50-day moving average is GBX 5062.22 and its 200-day moving average is GBX 4806.06. The company’s market cap is £4.590 billion.
A number of other firms have also recently commented on RRS. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Randgold Resources Limited in a research note on Monday. They now have a GBX 5,800 ($96.25) price target on the stock. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Randgold Resources Limited has a consensus rating of “Hold” and a consensus target price of GBX 5,310.46 ($88.13).
Randgold Resources Limited is engage in the exploration and development of gold deposits in Sub-Saharan Africa.