Randgold Resources Limited (RRS) Price Target Raised to GBX 7,415 at Deutsche Bank AG
Randgold Resources Limited (LON:RRS) had its target price hoisted by Deutsche Bank AG from GBX 7,370 ($96.20) to GBX 7,415 ($96.79) in a research note published on Wednesday morning. They currently have a hold rating on the stock.
Several other analysts have also commented on the company. Macquarie reaffirmed an outperform rating on shares of Randgold Resources Limited in a report on Monday, August 22nd. Goldman Sachs Group Inc. reaffirmed a buy rating on shares of Randgold Resources Limited in a report on Monday, June 27th. Canaccord Genuity raised Randgold Resources Limited to a buy rating and set a GBX 8,590 ($112.13) price target for the company in a report on Thursday, September 1st. Jefferies Group raised Randgold Resources Limited to a buy rating in a report on Thursday, July 14th. Finally, JPMorgan Chase & Co. boosted their price target on Randgold Resources Limited from GBX 6,500 ($84.85) to GBX 7,200 ($93.98) and gave the company a neutral rating in a report on Tuesday, July 5th. Three investment 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’s stock. The stock has an average rating of Hold and an average price target of GBX 6,491.70 ($84.74).
Randgold Resources Limited (LON:RRS) traded down 1.56% during midday trading on Wednesday, hitting GBX 6930.00. The stock had a trading volume of 573,409 shares. The firm’s 50-day moving average price is GBX 7,689.44 and its 200 day moving average price is GBX 7,314.26. Randgold Resources Limited has a 12 month low of GBX 3,870.00 and a 12 month high of GBX 9,820.00. The company’s market cap is GBX 6.49 billion.
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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