14.17% to Target, Deutsche Bank Reiterates ‘Buy’ Rating on Randgold Resources Ltd (LON:RRS) Shares Today

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Randgold Resources Ltd (LON:RRS) Rating Reaffirmed

The equities firm has just set a target of GBX 4600.00 on Randgold Resources Ltd (LON:RRS) shares. This is 14.17% from the price per share. In an interesting research report sent to clients and investors on 16 December, Deutsche Bank has decided to restate their Buy rating on shares of RRS.

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 59.05. The mean of all analyst targets is GBX 70.94 with a 10.83% above today’s (GBX 4047) stock price. Randgold Resources Ltd was the topic of 59 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 16 with “Buy” rating. Beaufort Securities maintained shares with “Speculative Buy” rating and GBX 4450 target share price in a report from a November 16. Macquarie Research maintained RRS stock in a recent report from November 30 with “Neutral” rating. Nomura maintained the rating on November 13. Nomura has a “Reduce” rating and a GBX 4000 price target on shares. Finally, Investec maintained the stock with “Hold” rating in a report issued on a November 17.

Approximately 61,094 shares of stock traded hands. Randgold Resources Limited (LON:RRS) has declined 16.20% since May 19, 2015 and is downtrending. It has underperformed by 13.58% the S&P500.

14.17% to Target, Deutsche Bank Reiterates ‘Buy’ Rating on Randgold Resources Ltd (LON:RRS) Shares Today

Randgold Resources Limited is engaged in the exploration and development of gold deposits in Sub-Saharan Africa. The company has a market cap of 3.82 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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