Zacks: Brokerages Expect Randgold Resources Ltd. (GOLD) Will Post Earnings of $0.81 Per Share

Brokerages forecast that Randgold Resources Ltd. (NASDAQ:GOLD) will announce earnings per share of $0.81 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Randgold Resources’ earnings. Randgold Resources reported earnings per share of $0.83 in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.4%. The company is expected to announce its next quarterly earnings results on Monday, February 5th.

On average, analysts expect that Randgold Resources will report full year earnings of $2.96 per share for the current financial year, with EPS estimates ranging from $2.92 to $3.03. For the next fiscal year, analysts expect that the firm will post earnings of $3.76 per share, with EPS estimates ranging from $3.46 to $3.93. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Randgold Resources.

Several research firms have recently commented on GOLD. BidaskClub raised shares of Randgold Resources from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Zacks Investment Research raised shares of Randgold Resources from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a report on Wednesday, September 20th. Desjardins reaffirmed a “hold” rating on shares of Randgold Resources in a report on Monday, December 11th. JPMorgan Chase & Co. lowered shares of Randgold Resources from an “overweight” rating to a “neutral” rating in a report on Thursday, December 14th. Finally, Citigroup raised shares of Randgold Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, December 5th. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $84.90.

Randgold Resources (GOLD) traded up $1.35 during midday trading on Wednesday, hitting $98.89. 406,853 shares of the stock traded hands, compared to its average volume of 395,417. Randgold Resources has a 1-year low of $76.24 and a 1-year high of $108.29. The firm has a market cap of $9,175.46, a price-to-earnings ratio of 33.52 and a beta of -0.11.

A number of large investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC lifted its position in Randgold Resources by 9.6% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 151,565 shares of the basic materials company’s stock valued at $14,802,000 after purchasing an additional 13,291 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Randgold Resources in the 3rd quarter valued at about $713,000. Saturna Capital CORP bought a new stake in Randgold Resources in the 3rd quarter valued at about $826,000. JPMorgan Chase & Co. lifted its position in Randgold Resources by 36.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 100,107 shares of the basic materials company’s stock valued at $9,858,000 after purchasing an additional 26,899 shares during the last quarter. Finally, FNY Managed Accounts LLC bought a new stake in Randgold Resources in the 3rd quarter valued at about $152,000. Hedge funds and other 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).

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

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