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An update from Rand Mining Limited ( (AU:RND) ) is now available.
Rand Mining Limited, listed on the ASX under the code RND, has announced an on-market share buy-back of its ordinary fully paid shares. The move signals a capital management initiative that may support the company’s share price and earnings per share, and indicates management’s confidence in the company’s valuation, with potential implications for existing shareholders through a reduced share count over time.
The most recent analyst rating on (AU:RND) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on Rand Mining Limited stock, see the AU:RND Stock Forecast page.
More about Rand Mining Limited
Average Trading Volume: 4,622
Technical Sentiment Signal: Buy
Current Market Cap: A$146.7M
For detailed information about RND stock, go to TipRanks’ Stock Analysis page.