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%.

Other analysts have also recently issued reports about the company. HC Wainwright reaffirmed a “buy” rating on shares of Randgold Resources in a report on Wednesday, November 22nd. Royal Bank of Canada raised Randgold Resources to a “sector perform” rating in a report on Monday, December 4th. They noted that the move was a valuation call. JPMorgan Chase & Co. cut Randgold Resources from an “overweight” rating to a “neutral” rating in a report on Thursday, December 14th. BidaskClub cut Randgold Resources from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Finally, Investec upgraded Randgold Resources from a “hold” rating to a “buy” rating in a report on Friday, November 3rd. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $84.90.

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.

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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).

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

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