Brokerages expect Randgold Resources Ltd. (NASDAQ:GOLD) to announce earnings per share of $0.74 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Randgold Resources’ earnings. Randgold Resources reported earnings per share of $0.79 in the same quarter last year, which suggests a negative year-over-year growth rate of 6.3%. The business is scheduled to announce its next earnings report on Monday, February 4th.
On average, analysts expect that Randgold Resources will report full year earnings of $2.68 per share for the current year, with EPS estimates ranging from $2.50 to $2.92. For the next year, analysts expect that the business will post earnings of $3.37 per share, with EPS estimates ranging from $2.80 to $3.92. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Randgold Resources.
Randgold Resources (NASDAQ:GOLD) last issued its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. The firm had revenue of $243.57 million during the quarter. Randgold Resources had a return on equity of 6.16% and a net margin of 21.82%.
A number of research analysts have recently weighed in on the company. BidaskClub lowered Randgold Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, November 28th. ValuEngine upgraded Randgold Resources from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th. Zacks Investment Research upgraded Randgold Resources from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 8th. Macquarie lowered Randgold Resources from an “outperform” rating to a “neutral” rating in a research report on Monday, October 22nd. They noted that the move was a valuation call. Finally, Royal Bank of Canada raised shares of Randgold Resources from an “underperform” rating to a “sector perform” rating in a report on Wednesday, September 26th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $87.00.
Shares of Randgold Resources stock traded up $2.04 during trading on Friday, reaching $85.67. 1,129,744 shares of the stock traded hands, compared to its average volume of 685,096. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 29.34 and a beta of -0.27. Randgold Resources has a 52-week low of $59.90 and a 52-week high of $104.05.
Several large investors have recently made changes to their positions in GOLD. Bank of Montreal Can lifted its holdings in shares of Randgold Resources by 15.9% in the 2nd quarter. Bank of Montreal Can now owns 40,050 shares of the basic materials company’s stock valued at $3,088,000 after acquiring an additional 5,487 shares during the last quarter. Cornerstone Wealth Management LLC bought a new position in shares of Randgold Resources in the 2nd quarter valued at about $185,000. Alps Advisors Inc. lifted its holdings in shares of Randgold Resources by 24.0% in the 2nd quarter. Alps Advisors Inc. now owns 322,817 shares of the basic materials company’s stock valued at $31,923,000 after acquiring an additional 62,524 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Randgold Resources by 6.2% in the second quarter. Crossmark Global Holdings Inc. now owns 14,452 shares of the basic materials company’s stock worth $1,114,000 after purchasing an additional 838 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Randgold Resources by 27.9% in the second quarter. Sei Investments Co. now owns 3,799 shares of the basic materials company’s stock worth $293,000 after purchasing an additional 828 shares during the last quarter. 39.71% of the stock is owned by hedge funds and other institutional investors.
About Randgold Resources
Randgold Resources Ltd. engages in the exploration and development of gold deposits. Its projects include the following: Loulo-Gounkoto complex, Morila gold mine, Tongon gold mine, Kibali gold mine, and Massawa. The company was founded in August 1995 and is headquartered in St. Helier, the United Kingdom.
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