Randgold Resources Ltd (LON:RRS) Rating Reaffirmed
London: In a recent report issued to investors and clients on Monday, 30 November, Macquarie has restated their Neutral rating on Randgold Resources Ltd (LON:RRS) shares. They now have a GBX 4400.00 target price per share on the company. Macquarie’s target would possibly suggest a potential upside of 11.32% from the company’s current price.
From a total of 18 analysts covering Randgold Resources Ltd (LON:RRS) stock, 8 rate it a ”Buy”, 1 a “Sell”, and 9 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is GBX 6900 while the lowest target price is GBX 3650. The mean of all analyst targets is GBX 4517.94 with a 15.09% above today’s (GBX 3925.68) stock price. Randgold Resources Ltd was the topic of 55 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Bank of America maintained shares on November 25 with “Buy” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 4800 target share price in a report from a November 10. Investec maintained RRS stock in a recent report from November 17 with “Hold” rating. Jefferies maintained the rating on November 6. Jefferies has a “Hold” rating and a GBX 4000 price target on shares. Finally, Nomura maintained the stock with “Reduce” rating in a report issued on a November 13.
Approximately 48,867 shares of stock traded hands. Randgold Resources Limited (LON:RRS) has declined 20.06% since May 1, 2015 and is downtrending. It has underperformed by 19.17% the S&P500.
Randgold Resources Limited is engaged in the exploration and development of gold deposits in Sub-Saharan Africa. The company has a market cap of 3.66 billion GBP. The Firm in Mali, West Africa, operates mines, such as Morila, Loulo and Gounkoto. It has 28.43 P/E ratio. The Firm owns 50% of Morila Limited, which in turn owns 80% of Morila.