Randgold Resources Limited (NASDAQ:GOLD) Set to Announce Quarterly Earnings on Thursday
Randgold Resources Limited (NASDAQ:GOLD) is scheduled to be announcing its earnings results before the market opens on Thursday, August 3rd. Analysts expect the company to announce earnings of $0.74 per share for the quarter.
Randgold Resources Limited (NASDAQ:GOLD) last released its quarterly earnings data on Thursday, May 4th. The basic materials company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.71 by $0.02. The company had revenue of $316.71 million during the quarter. Randgold Resources Limited had a return on equity of 7.10% and a net margin of 21.04%. On average, analysts expect Randgold Resources Limited to post $3.08 EPS for the current fiscal year and $4.06 EPS for the next fiscal year.
Randgold Resources Limited (NASDAQ:GOLD) traded down 0.20% during midday trading on Thursday, hitting $91.91. The stock had a trading volume of 282,202 shares. Randgold Resources Limited has a 1-year low of $67.54 and a 1-year high of $120.72.
Several research analysts have weighed in on GOLD shares. Zacks Investment Research raised Randgold Resources Limited from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Wednesday, July 5th. BidaskClub raised Randgold Resources Limited from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. HSBC Holdings plc reissued a “hold” rating on shares of Randgold Resources Limited in a research report on Friday, July 7th. Scotiabank boosted their price objective on Randgold Resources Limited from $102.00 to $141.00 and gave the stock a “sector perform” rating in a research report on Friday, May 5th. Finally, CIBC raised Randgold Resources Limited from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, May 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $101.25.
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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