Breaking: Randgold Resources Ltd (LON:RRS) “Neutral” Rating Maintained by Credit Suisse Today; The Target Given is GBX 3900.00

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Randgold Resources Ltd (LON:RRS) Rating Reaffirmed

Recently, In a very recent research note released on 15 December, Randgold Resources Ltd (LON:RRS) shares have had their “Neutral” Rating reconfirmed by stock research analysts at Credit Suisse, who currently has a GBX 3900.00 Estimated Target Price on company. This target by Credit Suisse may imply the possibile downside of -3.51% from the stock close price.

From a total of 25 analysts covering Randgold Resources Ltd (LON:RRS) stock, 12 rate it a ”Buy”, 2 a “Sell”, and 10 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is GBX 90 while the lowest target price is GBX 60.72. The mean of all analyst targets is GBX 71.33 with a 11.77% above today’s (GBX 4042) stock price. Randgold Resources Ltd was the topic of 57 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 1 with “Buy” rating. Nomura maintained shares with “Reduce” rating and GBX 4000 target share price in a report from a November 13. Bank of America maintained RRS stock in a recent report from November 25 with “Buy” rating. Barclays Capital maintained the rating on November 10. Barclays Capital has a “Overweight” rating and a GBX 4800 price target on shares. Finally, Beaufort Securities maintained the stock with “Speculative Buy” rating in a report issued on a November 16.

The stock decreased 2.08% or GBX 86 on December 14, striking GBX 4042. Approximately 340,467 shares of stock traded hands. Randgold Resources Limited (LON:RRS) has declined 17.64% since May 18, 2015 and is downtrending. It has underperformed by 13.23% the S&P500.

Breaking: Randgold Resources Ltd (LON:RRS)

Randgold Resources Limited is engaged in the exploration and development of gold deposits in Sub-Saharan Africa. The company has a market cap of 3.80 billion GBP. The Firm in Mali, West Africa, operates mines, such as Morila, Loulo and Gounkoto. It has 29.39 P/E ratio. The Firm owns 50% of Morila Limited, which in turn owns 80% of Morila.

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