Randgold Resources Ltd (LON:RRS) Rating Reaffirmed
In a very recent research note revealed to investors this morning, Morgan Stanley kept steady their “Overwt/In-Line” rating on Randgold Resources Ltd (LON:RRS) shares. The Estimated Target Price would now indicate a possible downside of -0.94% from firm’s current stock price.
From a total of 25 analysts covering Randgold Resources Ltd (LON:RRS) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is GBX 90 while the lowest target price is GBX 58.11. The mean of all analyst targets is GBX 69.44 with a 10.69% above today’s (GBX 4052) 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 70,638 shares of stock traded hands. Randgold Resources Limited (LON:RRS) has declined 15.65% since May 22, 2015 and is downtrending. It has underperformed by 9.84% 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 3.78 billion GBP. The Firm in Mali, West Africa, operates mines, such as Morila, Loulo and Gounkoto. It has 28.96 P/E ratio. The Firm owns 50% of Morila Limited, which in turn owns 80% of Morila.