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Randgold Resources Limited 24.2% Potential Upside Indicated by HSBC

Randgold Resources Limited with EPIC/TICKER (LON:RRS) has had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘BUY’ today by analysts at HSBC. Randgold Resources Limited are listed in the Basic Materials sector within UK Main Market. HSBC have set their target price at 7700 GBX on its stock. This now indicates the analyst believes there is a possible upside of 24.2% from the opening price of 6198 GBX. Over the last 30 and 90 trading days the company share price has decreased 998 points and decreased 777 points respectively. The 52 week high for the stock is 8255 GBX while the 52 week low for the stock is 6020 GBX.

Randgold Resources Limited has a 50 day moving average of 7,125.53 GBX and a 200 Day Moving Average share price is recorded at 7,291.78. There are currently 94,589,154 shares in issue with the average daily volume traded being 474,451. Market capitalisation for LON:RRS is £5,698,050,637 GBP.