Randgold Resources Limited (LON:RRS) had its target price cut by Numis Securities Ltd from GBX 9,000 ($111.39) to GBX 8,500 ($105.20) in a research note published on Tuesday morning. They currently have a buy rating on the stock.
A number of other equities analysts have also recently commented on the stock. Deutsche Bank AG lifted their price objective on shares of 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 lifted their price target on shares of 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. Macquarie reaffirmed an outperform rating on shares of Randgold Resources Limited in a research note on Tuesday, September 20th. JPMorgan Chase & Co. dropped their price target on shares of 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. Finally, Berenberg Bank initiated coverage on shares of Randgold Resources Limited in a research note on Wednesday, September 7th. They set a hold rating and a GBX 7,190 ($88.99) price target for the company. Three investment 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. The company currently has an average rating of Hold and a consensus target price of GBX 6,591.70 ($81.58).
Randgold Resources Limited (LON:RRS) opened at 6930.00 on Tuesday. The stock’s market cap is GBX 6.49 billion. 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 has a 50 day moving average of GBX 7,473.19 and a 200-day moving average of GBX 7,325.42.
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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