Randgold Resources Ltd. (GOLD) Expected to Announce Earnings of $0.87 Per Share

Analysts expect Randgold Resources Ltd. (NASDAQ:GOLD) to post earnings of $0.87 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Randgold Resources’ earnings. Randgold Resources posted earnings per share of $0.83 during the same quarter last year, which indicates a positive year over year growth rate of 4.8%. The firm is scheduled to announce its next quarterly earnings report on Monday, February 5th.

According to Zacks, analysts expect that Randgold Resources will report full-year earnings of $2.98 per share for the current fiscal year, with EPS estimates ranging from $2.92 to $3.07. For the next fiscal year, analysts forecast that the business will post earnings of $3.76 per share, with EPS estimates ranging from $3.46 to $3.93. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that cover Randgold Resources.

Several equities analysts recently weighed in on GOLD shares. BidaskClub cut shares of Randgold Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Zacks Investment Research raised shares of Randgold Resources from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research note on Wednesday, September 20th. JPMorgan Chase & Co. cut shares of Randgold Resources from an “overweight” rating to a “neutral” rating in a research note on Thursday, December 14th. Investec raised shares of Randgold Resources from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Finally, UBS Group cut shares of Randgold Resources from a “buy” rating to a “neutral” rating in a research note on Thursday, November 9th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $84.90.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Randgold Resources by 7.8% during the second quarter. BlackRock Inc. now owns 9,333,067 shares of the basic materials company’s stock valued at $825,605,000 after purchasing an additional 671,684 shares during the last quarter. Capital World Investors lifted its position in Randgold Resources by 102.9% during the second quarter. Capital World Investors now owns 1,007,000 shares of the basic materials company’s stock valued at $89,079,000 after purchasing an additional 510,800 shares during the last quarter. Renaissance Technologies LLC lifted its position in Randgold Resources by 218.0% during the second quarter. Renaissance Technologies LLC now owns 326,600 shares of the basic materials company’s stock valued at $28,891,000 after purchasing an additional 223,900 shares during the last quarter. Aperio Group LLC lifted its position in Randgold Resources by 10.6% during the third quarter. Aperio Group LLC now owns 174,117 shares of the basic materials company’s stock valued at $17,004,000 after purchasing an additional 16,637 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in Randgold Resources by 9.6% during the third 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. Institutional investors and hedge funds own 34.99% of the company’s stock.

Randgold Resources (NASDAQ:GOLD) traded up $2.40 on Friday, reaching $100.45. 444,716 shares of the company traded hands, compared to its average volume of 327,855. The stock has a market capitalization of $9,223.44, a PE ratio of 34.05 and a beta of -0.12. Randgold Resources has a 52 week low of $80.34 and a 52 week high of $108.29.

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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).

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

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