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Randgold Resources Limited 11.1% Potential Upside Indicated by Morgan Stanley

Randgold Resources Limited using EPIC/TICKER code (LON:RRS) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at Morgan Stanley. Randgold Resources Limited are listed in the Basic Materials sector within UK Main Market. Morgan Stanley have set their target price at 7140 GBX on its stock. This now indicates the analyst believes there is a possible upside of 11.1% from the opening price of 6424 GBX. Over the last 30 and 90 trading days the company share price has decreased 768 points and decreased 616 points respectively. The 1 year high for the stock price is 8255 GBX while the 52 week low for the share price is 5976 GBX.

Randgold Resources Limited has a 50 day moving average of 7,053.81 GBX and the 200 Day Moving Average price is recorded at 7,274.36. There are currently 93,422,267 shares in issue with the average daily volume traded being 550,928. Market capitalisation for LON:RRS is £5,993,434,378 GBP.