Canaccord Genuity Cuts Randgold Resources Limited (RRS) Price Target to GBX 7,180
Randgold Resources Limited (LON:RRS) had its target price decreased by equities researchers at Canaccord Genuity from GBX 8,590 ($106.56) to GBX 7,180 ($89.07) in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 22.84% from the stock’s previous close.
A number of other equities analysts have also recently commented on RRS. Panmure Gordon cut shares of Randgold Resources Limited to a “hold” rating and set a GBX 6,750 ($83.74) price target for the company. in a research note on Thursday, August 4th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 6,300 ($78.15) price target on shares of Randgold Resources Limited in a research note on Friday, August 5th. Credit Suisse Group AG dropped their price target on shares of Randgold Resources Limited to GBX 8,300 ($102.96) and set a “neutral” rating for the company in a research note on Friday, August 5th. Jefferies Group reiterated a “buy” rating on shares of Randgold Resources Limited in a report on Friday, August 5th. Finally, Deutsche Bank AG lifted their price objective on shares of Randgold Resources Limited from GBX 7,100 ($88.08) to GBX 7,370 ($91.43) and gave the company a “hold” rating in a report on Friday, August 5th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. Randgold Resources Limited has an average rating of “Hold” and an average price target of GBX 6,995.78 ($86.79).
Shares of Randgold Resources Limited (LON:RRS) opened at 5820.00 on Wednesday. The stock’s 50 day moving average is GBX 6,625.97 and its 200-day moving average is GBX 7,370.46. Randgold Resources Limited has a 12-month low of GBX 3,918.00 and a 12-month high of GBX 9,820.00. The stock’s market cap is GBX 5.46 billion.
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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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