Randgold Resources Ltd. to Post FY2018 Earnings of $3.47 Per Share, Jefferies Group Forecasts (GOLD)

Randgold Resources Ltd. (NASDAQ:GOLD) – Investment analysts at Jefferies Group dropped their FY2018 earnings per share (EPS) estimates for Randgold Resources in a research note issued to investors on Tuesday. Jefferies Group analyst A. Spence now forecasts that the basic materials company will post earnings per share of $3.47 for the year, down from their prior estimate of $3.91.

Randgold Resources (NASDAQ:GOLD) last announced its quarterly earnings data 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). The company had revenue of $328.62 million during the quarter. Randgold Resources had a return on equity of 7.13% and a net margin of 21.72%.

Other equities research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Randgold Resources from a “hold” rating to a “sell” rating in a research note on Thursday. HSBC upgraded shares of Randgold Resources from a “hold” rating to a “buy” rating in a research note on Thursday. HC Wainwright restated a “buy” rating on shares of Randgold Resources in a research note on Wednesday, November 22nd. Numis Securities downgraded shares of Randgold Resources from a “buy” rating to an “add” rating in a research note on Tuesday. Finally, Scotiabank set a $101.00 price objective on shares of Randgold Resources and gave the stock a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $76.90.

Shares of Randgold Resources (NASDAQ:GOLD) traded down $0.11 during trading on Thursday, hitting $85.28. 1,489,560 shares of the stock traded hands, compared to its average volume of 651,538. The firm has a market capitalization of $8,387.17, a P/E ratio of 29.30 and a beta of -0.06. Randgold Resources has a twelve month low of $83.18 and a twelve month high of $108.29.

The business also recently disclosed a None dividend, which will be paid on Friday, May 18th. Shareholders of record on Friday, March 23rd will be issued a dividend of $1.98 per share. The ex-dividend date is Thursday, March 22nd. This represents a dividend yield of 0.0233518103549947%. Randgold Resources’s payout ratio is presently 33.68%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Howe & Rusling Inc. bought a new position in shares of Randgold Resources during the third quarter valued at $137,000. FNY Managed Accounts LLC bought a new position in shares of Randgold Resources during the third quarter valued at $152,000. Quadrant Capital Group LLC lifted its holdings in shares of Randgold Resources 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 acquiring an additional 195 shares during the period. Advisor Group Inc. lifted its holdings in shares of Randgold Resources by 9.7% during the second quarter. Advisor Group Inc. now owns 2,815 shares of the basic materials company’s stock valued at $248,000 after acquiring an additional 250 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Randgold Resources by 24.6% during the fourth quarter. SG Americas Securities LLC now owns 3,385 shares of the basic materials company’s stock valued at $335,000 after acquiring an additional 668 shares during the period. 35.25% of the stock is owned by institutional investors.

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About Randgold Resources

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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