A statement released today by Deutsche Bank about Randgold Resources Ltd (LON:RRS) raises the target price to 7,415.00GBX
- Updated: October 9, 2016
Boasting a price of 8,000.00GBX, Randgold Resources Ltd (LON:RRS) traded 1.41% higher on the day. With the last stock price close up -1.88% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Randgold Resources Ltd has recorded a 50-day average of 7,607.70GBX and a two hundred day average of 7,312.12GBX. Trading volume was down over the average, with 117,875 shares of RRS changing hands under the typical 587,433
Deutsche Bank bumped up the target of Randgold Resources Ltd (LON:RRS) to 7,415.00GBX stating a potential downside of -0.07%.
On 9/21/2016, Barclays Capital released a statement for Randgold Resources Ltd (LON:RRS) bumped up the target price from 6,300.00GBX to 8,300.00GBX that suggested an upside of 0.13%.
Recent Performance Chart
Randgold Resources Ltd has 52 week low of 3,870.00GBX and a 52 week high of 9,820.00GBX with a PE ratio of 35.50 and has a market capitalization of 0 GBX.
In addition to Deutsche Bank reporting its stock price target, a total of 22 brokerages have issued a research note on the company. The average stock price target is 94.84GBX with 2 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 14 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 1 brokerage rating the stock a sell.
Brief Synopsis On Randgold Resources Ltd (LON:RRS)
Randgold Resources Limited is engaged in the gold mining, exploration and related activities. The Company's activities are focused on West and Central Africa. The Company operates through the gold mining segment. The Company operates mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company holds Morila Limited, which holds interests in the Morila mine in Mali. The Company holds a controlling interest in the Loulo mine, located in Mali, through Societe des Mines de Loulo SA (Loulo). The Company has a controlling interest in the Gounkoto mine through Societe des Mines de Gounkoto SA (Gounkoto). The Company holds controlling interest in the Tongon mine, which is located within the Nielle exploitation permit in the north of Cote d'Ivoire. It is exploring in over four African countries, such as Mali, Senegal, Cote d'Ivoire and the Democratic Republic of Congo (DRC), with a portfolio of approximately 141 targets on over 12,310 kilometers of ground holding.
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