Randgold Resources Limited (RRS) Price Target Cut to GBX 8,500 by Analysts at Numis Securities Ltd
Randgold Resources Limited (LON:RRS) had its price target cut by equities research analysts at Numis Securities Ltd from GBX 9,000 ($111.39) to GBX 8,500 ($105.20) in a research report issued on Tuesday. The firm presently has a “buy” rating on the stock. Numis Securities Ltd’s price target points to a potential upside of 20.31% from the stock’s previous close.
RRS has been the subject of a number of other reports. JPMorgan Chase & Co. increased their price target on Randgold Resources Limited from GBX 7,300 ($90.35) to GBX 7,850 ($97.15) and gave the company a “neutral” rating in a research report on Monday, August 15th. Deutsche Bank AG increased their price target on Randgold Resources Limited from GBX 5,560 ($68.81) to GBX 6,700 ($82.92) and gave the company a “hold” rating in a research report on Sunday, June 26th. Credit Suisse Group AG decreased their price target on Randgold Resources Limited to GBX 8,300 ($102.72) and set a “neutral” rating for the company in a research report on Friday, August 5th. Berenberg Bank began coverage on Randgold Resources Limited in a research report on Wednesday, September 7th. They set a “hold” rating and a GBX 7,190 ($88.99) price target for the company. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a GBX 6,500 ($80.45) price target on shares of Randgold Resources Limited in a research report on Thursday, June 16th. 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. The company currently has an average rating of “Hold” and a consensus price target of GBX 6,591.70 ($81.58).
Shares of Randgold Resources Limited (LON:RRS) opened at 7100.00 on Tuesday. The stock’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 capitalization is GBX 6.65 billion. Randgold Resources Limited has a 52-week low of GBX 3,870.00 and a 52-week high of GBX 9,820.00.
About Randgold Resources Limited
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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