Randgold Resources Limited (RRS) Price Target Increased to GBX 7,415 by Analysts at Deutsche Bank AG
Randgold Resources Limited (LON:RRS) had its price objective boosted by Deutsche Bank AG from GBX 7,370 ($96.20) to GBX 7,415 ($96.79) in a research note issued to investors on Wednesday. The brokerage currently has a “hold” rating on the stock. Deutsche Bank AG’s price target suggests a potential upside of 1.16% from the stock’s current price.
Several other research firms have also weighed in on RRS. JPMorgan Chase & Co. raised their price objective on Randgold Resources Limited from GBX 6,500 ($84.85) to GBX 7,200 ($93.98) and gave the stock a “neutral” rating in a research note on Tuesday, July 5th. Jefferies Group raised Randgold Resources Limited to a “buy” rating in a research note on Thursday, July 14th. Panmure Gordon lowered Randgold Resources Limited to a “hold” rating and set a GBX 6,750 ($88.11) price objective for the company. in a research note on Thursday, August 4th. Canaccord Genuity restated a “hold” rating on shares of Randgold Resources Limited in a report on Thursday, August 4th. Finally, Numis Securities Ltd restated a ” hold” rating on shares of Randgold Resources Limited in a report on Wednesday, July 20th. Three equities research analysts have rated the stock with a sell rating, eight have given 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 target price of GBX 6,491.70 ($84.74).
Shares of Randgold Resources Limited (LON:RRS) opened at 7330.00 on Wednesday. The firm’s 50-day moving average price is GBX 7,731.67 and its 200-day moving average price is GBX 7,310.50. The stock’s market cap is GBX 6.87 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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