Randgold Resources Ltd. (GOLD) to Post FY2019 Earnings of $4.03 Per Share, Jefferies Group Forecasts

Randgold Resources Ltd. (NASDAQ:GOLD) – Equities research analysts at Jefferies Group reduced their FY2019 earnings per share estimates for Randgold Resources in a report issued on Tuesday. Jefferies Group analyst A. Spence now expects that the basic materials company will post earnings per share of $4.03 for the year, down from their previous estimate of $4.11.

Several other equities research analysts have also issued reports on GOLD. Zacks Investment Research upgraded shares of Randgold Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Investec upgraded shares of Randgold Resources from a “hold” rating to a “buy” rating in a research report on Friday, November 3rd. UBS Group lowered shares of Randgold Resources from a “buy” rating to a “neutral” rating in a report on Thursday, November 9th. HC Wainwright reaffirmed a “buy” rating on shares of Randgold Resources in a research note on Wednesday, November 22nd. Finally, Royal Bank of Canada raised shares of Randgold Resources to a “sector perform” rating in a research note on Monday, December 4th. They noted that the move was a valuation call. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Randgold Resources has an average rating of “Hold” and a consensus price target of $76.90.

Shares of Randgold Resources (NASDAQ:GOLD) traded down $2.91 during trading on Wednesday, reaching $86.25. 1,391,501 shares of the company’s stock traded hands, compared to its average volume of 597,487. Randgold Resources has a twelve month low of $83.18 and a twelve month high of $108.29. The company has a market capitalization of $8,713.58, a price-to-earnings ratio of 30.64 and a beta of -0.06.

Randgold Resources (NASDAQ:GOLD) last announced its earnings results on Monday, February 5th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.05). Randgold Resources had a net margin of 21.72% and a return on equity of 7.19%. The company had revenue of $328.62 million for the quarter.

A number of institutional investors have recently made changes to their positions in GOLD. Howe & Rusling Inc. bought a new position in Randgold Resources in the 3rd quarter worth about $137,000. FNY Managed Accounts LLC bought a new position in Randgold Resources in the 3rd quarter worth about $152,000. Quadrant Capital Group LLC boosted its stake in Randgold Resources by 11.2% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,939 shares of the basic materials company’s stock worth $162,000 after purchasing an additional 195 shares in the last quarter. Advisor Group Inc. boosted its stake in Randgold Resources by 9.7% in the 2nd quarter. Advisor Group Inc. now owns 2,815 shares of the basic materials company’s stock worth $248,000 after purchasing an additional 250 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Randgold Resources by 24.6% in the 4th quarter. SG Americas Securities LLC now owns 3,385 shares of the basic materials company’s stock worth $335,000 after purchasing an additional 668 shares in the last quarter. Institutional investors own 35.25% 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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