Bank of America Corp. restated their buy rating on shares of Randgold Resources Ltd (LON:RRS) in a report issued on Friday, Stock Ratings Network reports. They currently have a GBX 7,500 ($121.01) target price on the stock.
Bank of America Corp. has also taken action a number of other stocks recently. The firm reiterated its positive rating on shares of Nokia Co.. Also, Bank of America Corp. reiterated its buy rating on shares of Rio Tinto. Finally, Bank of America Corp. downgraded shares of Tenaris from a buy rating to a neutral rating.
A number of other analysts have also recently weighed in on RRS. Analysts at Deutsche Bank raised their price target on shares of Randgold Resources Ltd (LON:RRS) from GBX 4,840 ($78.09) to GBX 5,050 ($81.48) in a research note to investors on Thursday, September 26th. They now have a buy rating on the stock. Separately, analysts at Liberum Capital reiterated a buy rating on shares of Randgold Resources Ltd (LON:RRS) in a research note to investors on Tuesday, September 24th. They now have a GBX 5,410 ($87.29) price target on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Randgold Resources Ltd (LON:RRS) from GBX 4,550 ($73.41) to GBX 4,733 ($76.36) in a research note to investors on Monday, September 23rd. They now have a neutral rating on the stock. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 4,601.06 ($74.23).
Shares of Randgold Resources Ltd (LON:RRS) opened at 4346.00 on Friday. Randgold Resources Ltd has a 1-year low of GBX 3934.00 and a 1-year high of GBX 7891.8677. The stock’s 50-day moving average is GBX 4854.49 and its 200-day moving average is GBX 4916.68. The company’s market cap is £4.007 billion.
Randgold Resources Limited is engaged in gold mining, exploration and related activities. The Company’s activities are focused on West and Central Africa.
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