Randgold Resources Limited (NASDAQ:GOLD) – Research analysts at Jefferies Group upped their FY2017 EPS estimates for shares of Randgold Resources Limited in a report released on Thursday. Jefferies Group analyst A. Spence now expects that the basic materials company will post earnings per share of $3.36 for the year, up from their prior forecast of $3.34.

Randgold Resources Limited (NASDAQ:GOLD) last released its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.14. The business had revenue of $336.79 million for the quarter. Randgold Resources Limited had a return on equity of 7.89% and a net margin of 22.75%. ILLEGAL ACTIVITY NOTICE: “FY2017 Earnings Estimate for Randgold Resources Limited Issued By Jefferies Group (GOLD)” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/10/20/fy2017-earnings-estimate-for-randgold-resources-limited-issued-by-jefferies-group-gold.html.

Several other equities analysts have also issued reports on the stock. Zacks Investment Research raised shares of Randgold Resources Limited from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Wednesday, July 5th. BidaskClub raised shares of Randgold Resources Limited from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Finally, HSBC Holdings plc reaffirmed a “hold” rating on shares of Randgold Resources Limited in a report on Friday, July 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $105.00.

Randgold Resources Limited (NASDAQ:GOLD) traded down 0.42% during trading on Friday, reaching $97.94. The company had a trading volume of 65,789 shares. The stock has a 50 day moving average of $100.42 and a 200-day moving average of $94.19. Randgold Resources Limited has a 12-month low of $67.54 and a 12-month high of $108.29. The stock has a market capitalization of $9.21 billion, a P/E ratio of 31.19 and a beta of -0.05.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd grew its holdings in shares of Randgold Resources Limited by 302.8% during the second quarter. Dynamic Technology Lab Private Ltd now owns 11,883 shares of the basic materials company’s stock valued at $1,051,000 after buying an additional 8,933 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Randgold Resources Limited by 36.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 4,899 shares of the basic materials company’s stock valued at $433,000 after buying an additional 1,298 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Randgold Resources Limited by 11.2% during the second quarter. Quadrant Capital Group LLC now owns 1,939 shares of the basic materials company’s stock valued at $162,000 after buying an additional 195 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Randgold Resources Limited by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 14,915 shares of the basic materials company’s stock valued at $1,319,000 after buying an additional 56 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Randgold Resources Limited during the second quarter valued at $901,000. 35.55% of the stock is currently owned by hedge funds and other institutional investors.

Randgold Resources Limited Company Profile

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).

Earnings History and Estimates for Randgold Resources Limited (NASDAQ:GOLD)

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