Yep happens a lot.
Check out some of the vids of guys shooting LR/ELR on You Tube up in the deserts, pretty flat, splashes all over the show with some bouncing up into the steel.
I did it years ago in the evening with the 416 Barrett, didn't allow enough elevation at 750, the bullets landed in front of the 16mm Melamine target they dug a big furrow & smashed sideways into the Melamine smashing it but bouncing off.
I finished shooting the five rounds, packed up, drove to the target & thought WTF, then saw a projectile in one of the furrows so picked it up, it was still warm after 10-12 mins, a 400 grain heatsink
If the bullets weren't stable it seems strange that they would be accurate enough to be near the target at a decent range
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