Desjardins Comments on Randgold Resources Ltd.’s Q4 2017 Earnings (GOLD)
Randgold Resources Ltd. (NASDAQ:GOLD) – Equities researchers at Desjardins lifted their Q4 2017 earnings per share estimates for shares of Randgold Resources in a report released on Friday. Desjardins analyst J. Wolfson now forecasts that the basic materials company will post earnings of $0.87 per share for the quarter, up from their previous forecast of $0.81. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Randgold Resources’ Q3 2018 earnings at $0.87 EPS and Q2 2019 earnings at $0.99 EPS.
Randgold Resources (NASDAQ:GOLD) last issued its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $0.51 earnings per share (EPS) for the quarter. Randgold Resources had a return on equity of 7.32% and a net margin of 21.49%.
Shares of Randgold Resources (GOLD) opened at $100.45 on Monday. The stock has a market capitalization of $9,430.00, a P/E ratio of 34.05 and a beta of -0.12. Randgold Resources has a twelve month low of $80.34 and a twelve month high of $108.29.
A number of large investors have recently added to or reduced their stakes in GOLD. JPMorgan Chase & Co. raised its holdings in Randgold Resources by 1,424.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 73,208 shares of the basic materials company’s stock valued at $6,476,000 after buying an additional 68,407 shares during the period. Ameriprise Financial Inc. raised its holdings in Randgold Resources by 8.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,674 shares of the basic materials company’s stock valued at $502,000 after buying an additional 424 shares during the period. BlackRock Inc. raised its holdings in Randgold Resources by 7.8% during the 2nd quarter. BlackRock Inc. now owns 9,333,067 shares of the basic materials company’s stock valued at $825,605,000 after buying an additional 671,684 shares during the period. Acrospire Investment Management LLC raised its holdings in Randgold Resources by 40.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the basic materials company’s stock valued at $124,000 after buying an additional 400 shares during the period. Finally, Northern Trust Corp raised its holdings in Randgold Resources by 1.0% during the 2nd quarter. Northern Trust Corp now owns 86,585 shares of the basic materials company’s stock valued at $7,659,000 after buying an additional 837 shares during the period. Institutional investors own 34.99% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This story was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/01/15/desjardins-comments-on-randgold-resources-ltd-s-q4-2017-earnings-gold.html.
Randgold Resources 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).
Receive News & Ratings for Randgold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Randgold Resources and related companies with MarketBeat.com's FREE daily email newsletter.