Randgold Resources Limited to Post FY2017 Earnings of $3.22 Per Share, Jefferies Group Forecasts (GOLD)
Randgold Resources Limited (NASDAQ:GOLD) – Stock analysts at Jefferies Group raised their FY2017 earnings per share (EPS) estimates for Randgold Resources Limited in a research note issued on Thursday. Jefferies Group analyst A. Spence now anticipates that the basic materials company will earn $3.22 per share for the year, up from their previous forecast of $3.16. Jefferies Group also issued estimates for Randgold Resources Limited’s FY2018 earnings at $3.98 EPS.
Randgold Resources Limited (NASDAQ:GOLD) last announced its earnings results on Thursday, May 4th. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. The business had revenue of $316.71 million for the quarter. Randgold Resources Limited had a return on equity of 7.10% and a net margin of 21.04%.
Several other equities research analysts also recently weighed in on GOLD. Zacks Investment Research upgraded shares of Randgold Resources Limited from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Wednesday, July 5th. BidaskClub raised shares of Randgold Resources Limited from a “sell” rating to a “hold” rating in a report on Thursday. HSBC Holdings plc reissued a “hold” rating on shares of Randgold Resources Limited in a report on Friday, July 7th. J P Morgan Chase & Co reissued an “overweight” rating and set a $107.00 price target (up from $105.00) on shares of Randgold Resources Limited in a report on Monday, June 5th. Finally, CIBC raised shares of Randgold Resources Limited from a “sector perform” rating to a “sector outperform” rating in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $101.25.
Shares of Randgold Resources Limited (NASDAQ GOLD) opened at 90.53 on Monday. Randgold Resources Limited has a 52-week low of $67.54 and a 52-week high of $120.72. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of 32.67 and a beta of 0.07.
A number of hedge funds and other institutional investors have recently bought and sold shares of GOLD. DekaBank Deutsche Girozentrale increased its stake in Randgold Resources Limited by 10.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,331 shares of the basic materials company’s stock worth $115,000 after buying an additional 131 shares during the period. Creative Planning increased its stake in Randgold Resources Limited by 41.3% in the second quarter. Creative Planning now owns 1,540 shares of the basic materials company’s stock worth $136,000 after buying an additional 450 shares during the period. Quadrant Capital Group LLC increased its stake in Randgold Resources Limited by 428.5% in the first quarter. Quadrant Capital Group LLC now owns 1,744 shares of the basic materials company’s stock worth $146,000 after buying an additional 1,414 shares during the period. Pennsylvania Trust Co bought a new stake in Randgold Resources Limited during the second quarter worth approximately $212,000. Finally, Paloma Partners Management Co bought a new stake in Randgold Resources Limited during the first quarter worth approximately $226,000. 36.37% of the stock is owned by hedge funds and other institutional investors.
About Randgold Resources Limited
Randgold Resources Limited is engaged in gold mining, exploration and related activities. The Company’s activities are focused on West and Central Africa. The Company operates through the gold mining segment. The Company operates various mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company is exploring in African countries, such as Mali, Senegal, Cote d’Ivoire and the Democratic Republic of Congo (DRC).
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