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Numis reiterated its “reduce” rating. The mining firm is selling the remainder of its alluvial assets, which made up 4.4 per cent of production in 2013. While the broker said the deal was “a drop in the ocean”, it also noted that it placed the firm in a better position to reduce debt.
Canaccord Genuity reiterated its “hold” rating after Randgold’s recent investor day. According to the broker, the firm’s presentations reinforced the long-term strengths of the company, but “there were no short-term drivers” that would lead it to change its forecast.
Whitman Howard reiterated its “hold” rating ahead of the firm’s interim results. The broker said it did not foresee “any major surprises” and added that the outcome of the water price control review remained of greater interest. Target price was increased to 2,037p from 1,852p.