Randgold Resources Limited (RRS) PT Raised to GBX 7,415 at Deutsche Bank AG
Randgold Resources Limited (LON:RRS) had its price target hoisted by Deutsche Bank AG from GBX 7,370 ($96.20) to GBX 7,415 ($96.79) in a research report issued on Wednesday. The brokerage currently has a “hold” rating on the stock. Deutsche Bank AG’s price target would suggest a potential upside of 4.81% from the company’s current price.
Several other equities analysts have also issued reports on RRS. JPMorgan Chase & Co. cut their price objective on Randgold Resources Limited from GBX 7,850 ($102.47) to GBX 7,650 ($99.86) and set a “neutral” rating on the stock in a research report on Thursday, September 15th. Macquarie reiterated an “outperform” rating on shares of Randgold Resources Limited in a research report on Tuesday, September 20th. Barclays PLC lifted their price objective on Randgold Resources Limited from GBX 6,300 ($82.23) to GBX 8,300 ($108.34) and gave the stock an “overweight” rating in a research report on Wednesday, September 21st. Investec upgraded Randgold Resources Limited to a “buy” rating in a research report on Tuesday, July 19th. Finally, Credit Suisse Group AG lifted their price target on Randgold Resources Limited from GBX 6,700 ($87.46) to GBX 7,830 ($102.21) and gave the company a “neutral” rating in a research report on Thursday, June 30th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. Randgold Resources Limited has an average rating of “Hold” and a consensus target price of GBX 6,491.70 ($84.74).
Randgold Resources Limited (LON:RRS) traded up 2.76% during midday trading on Wednesday, hitting GBX 7075.00. The stock had a trading volume of 1,280,658 shares. Randgold Resources Limited has a 52 week low of GBX 3,870.00 and a 52 week high of GBX 9,820.00. The stock’s market cap is GBX 6.63 billion. The company has a 50-day moving average price of GBX 7,607.70 and a 200-day moving average price of GBX 7,312.12.
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Randgold Resources Limited Company Profile
Randgold Resources Limited is engaged in the gold mining, exploration and related activities. The Company’s activities are focused on West and Central Africa. The Company operates through the gold mining segment. The Company operates mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company holds Morila Limited, which holds interests in the Morila mine in Mali.
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