Randgold Resources Limited (RRS) Price Target Cut to GBX 8,500 by Analysts at Numis Securities Ltd
Randgold Resources Limited (LON:RRS) had its target price dropped by equities research analysts at Numis Securities Ltd from GBX 9,000 ($111.39) to GBX 8,500 ($105.20) in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 20.31% from the company’s current price.
RRS has been the topic of several other reports. Macquarie reissued an “outperform” rating on shares of Randgold Resources Limited in a report on Tuesday, September 20th. JPMorgan Chase & Co. reduced their price objective on Randgold Resources Limited from GBX 7,850 ($97.15) to GBX 7,650 ($94.68) and set a “neutral” rating for the company in a research note on Thursday, September 15th. Deutsche Bank AG upped their price objective on Randgold Resources Limited from GBX 7,370 ($91.21) to GBX 7,415 ($91.77) and gave the stock a “hold” rating in a research note on Wednesday, October 5th. Barclays PLC upped their price objective on Randgold Resources Limited from GBX 6,300 ($77.97) to GBX 8,300 ($102.72) and gave the stock an “overweight” rating in a research note on Wednesday, September 21st. Finally, Investec upgraded Randgold Resources Limited to a “buy” rating in a research note on Tuesday, July 19th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 6,591.70 ($81.58).
Shares of Randgold Resources Limited (LON:RRS) opened at 7100.00 on Tuesday. Randgold Resources Limited has a 52 week low of GBX 3,870.00 and a 52 week high of GBX 9,820.00. The firm’s 50-day moving average price is GBX 7,550.83 and its 200 day moving average price is GBX 7,328.52. The company’s market cap is GBX 6.65 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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