Canaccord Genuity Cuts Randgold Resources Limited (RRS) Price Target to GBX 7,180
Randgold Resources Limited (LON:RRS) had its price target reduced by 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 presently has a “buy” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 22.84% from the company’s current price.
Several other research firms have also commented on RRS. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Randgold Resources Limited in a research note on Thursday, August 11th. Barclays PLC raised their price objective on shares of Randgold Resources Limited from GBX 6,300 ($78.15) to GBX 8,300 ($102.96) and gave the company an “overweight” rating in a research note on Wednesday, September 21st. Deutsche Bank AG reissued a “hold” rating and issued a GBX 7,370 ($91.43) price objective on shares of Randgold Resources Limited in a research note on Monday, September 5th. Panmure Gordon raised their price objective on shares of Randgold Resources Limited from GBX 6,750 ($83.74) to GBX 6,892 ($85.50) and gave the company a “hold” rating in a research note on Wednesday, August 10th. Finally, Macquarie reissued an “outperform” rating on shares of Randgold Resources Limited in a research note on Tuesday, September 20th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 6,995.78 ($86.79).
Shares of Randgold Resources Limited (LON:RRS) opened at 5820.00 on Wednesday. The stock’s market cap is GBX 5.46 billion. The firm’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 52-week low of GBX 3,918.00 and a 52-week high of GBX 9,820.00.
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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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