Randgold Resources Limited (RRS) Cut to “Underweight” at Morgan Stanley
Randgold Resources Limited (LON:RRS) was downgraded by analysts at Morgan Stanley to an “underweight” rating in a report issued on Tuesday. They presently have a GBX 6,860 ($89.54) target price on the stock, up from their prior target price of GBX 5,750 ($75.06). Morgan Stanley’s target price indicates a potential downside of 3.03% from the company’s previous close.
RRS has been the topic of a number of other research reports. Royal Bank Of Canada lifted their target price on shares of Randgold Resources Limited from GBX 5,100 ($66.57) to GBX 5,800 ($75.71) and gave the stock a “sector performer” rating in a research report on Monday, April 11th. Investec reiterated a “hold” rating and issued a GBX 6,587 ($85.98) target price on shares of Randgold Resources Limited in a research report on Wednesday, April 20th. Deutsche Bank AG raised their price target on shares of Randgold Resources Limited from GBX 6,700 ($87.46) to GBX 7,100 ($92.68) and gave the stock a “hold” rating in a report on Wednesday, July 6th. Credit Suisse Group AG raised their price target on shares of Randgold Resources Limited from GBX 6,400 ($83.54) to GBX 6,700 ($87.46) and gave the stock a “neutral” rating in a report on Thursday, April 7th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and issued a GBX 6,000 ($78.32) price target on shares of Randgold Resources Limited in a report on Monday, April 18th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. Randgold Resources Limited has a consensus rating of “Hold” and a consensus price target of GBX 6,491.70 ($84.74).
Randgold Resources Limited (LON:RRS) traded up 2.76% during midday trading on Tuesday, hitting GBX 7074.36. 1,280,658 shares of the company were exchanged. The stock has a 50 day moving average of GBX 7,607.70 and a 200 day moving average of GBX 7,312.12. Randgold Resources Limited has a 1-year low of GBX 3,870.00 and a 1-year high of GBX 9,820.00. The firm’s market capitalization is GBX 6.63 billion.
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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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