November 30, 2016 - By Marie Mckinney
Randgold Resources Ltd (LON:RRS) had its stock rating noted as “Buy” by analysts at Canaccord Genuity. Canaccord Genuity currently has a GBX 7180.00 target on the 5.39B GBP market cap company or 24.54% upside potential. This was released in an analyst note on Wednesday morning.
Out of 22 analysts covering Randgold Resources Ltd (LON:RRS), 14 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 64% are positive. GBX 12000 is the highest target while GBX 3650 is the lowest. The GBX 7136.36 average target is 24.65% above today’s (GBX 5725) stock price. Randgold Resources Ltd has been the topic of 163 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, November 12 by Deutsche Bank. As per Wednesday, July 13, the company rating was maintained by Deutsche Bank. Numis Securities maintained Randgold Resources Limited (LON:RRS) on Tuesday, October 11 with “Buy” rating. UBS maintained Randgold Resources Limited (LON:RRS) rating on Monday, November 21. UBS has “Buy” rating and GBX 9750 price target. The firm has “Hold” rating given on Wednesday, July 6 by Deutsche Bank. Goldman Sachs maintained Randgold Resources Limited (LON:RRS) rating on Wednesday, August 3. Goldman Sachs has “Buy” rating and GBX 12000 price target. BMO Capital Markets downgraded it to “Market Perform” rating and GBX 6250 target price in Monday, March 14 report. Nomura maintained the stock with “Reduce” rating in Friday, January 15 report. The company was maintained on Monday, July 11 by Deutsche Bank. Barclays Capital maintained the stock with “Overweight” rating in Thursday, November 10 report.
About 559,144 shares traded hands. Randgold Resources Limited (LON:RRS) has declined 13.66% since May 2, 2016 and is downtrending. It has underperformed by 18.89% the S&P500.
Randgold Resources Limited is engaged in the gold mining, exploration and related activities. The company has a market cap of 5.39 billion GBP. The Company’s activities are focused on West and Central Africa. It has a 31.4 P/E ratio. The Firm operates through the gold mining segment.
More news for Randgold Resources Limited (LON:RRS) were recently published by: Nasdaq.com, which released: “Randgold Resources Limited (Nasdaq: GOLD) to Ring The Nasdaq Stock Market …” on November 18, 2016. Marketwired.com‘s article titled: “Randgold Resources Limited: 3rd Quarter Results and updates” and published on November 03, 2016 is yet another important article.
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