Randgold Resources Limited (LON:RRS) had its target price dropped by Numis Securities Ltd from GBX 9,000 ($111.39) to GBX 8,500 ($105.20) in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Numis Securities Ltd’s target price points to a potential upside of 22.66% from the company’s current price.
Several other research analysts have also commented on the company. Macquarie reaffirmed an “outperform” rating on shares of Randgold Resources Limited in a research report on Monday, August 22nd. Deutsche Bank AG lifted their price target 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 report on Wednesday, October 5th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Randgold Resources Limited in a research report on Monday, June 27th. Canaccord Genuity raised Randgold Resources Limited to a “buy” rating and set a GBX 8,590 ($106.31) price target on the stock in a research report on Thursday, September 1st. Finally, Jefferies Group raised Randgold Resources Limited to a “buy” rating in a research report on Thursday, July 14th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 6,591.70 ($81.58).
Shares of Randgold Resources Limited (LON:RRS) opened at 7028.07 on Tuesday. The stock’s market cap is GBX 6.58 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 price of GBX 7,505.41 and a 200 day moving average price of GBX 7,329.93.
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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