Desjardins set a $100.00 target price on Randgold Resources (NASDAQ:GOLD) in a research report sent to investors on Monday morning. The firm currently has a hold rating on the basic materials company’s stock. Desjardins also issued estimates for Randgold Resources’ Q2 2018 earnings at $0.83 EPS, FY2018 earnings at $3.37 EPS, Q1 2019 earnings at $0.83 EPS, Q2 2019 earnings at $0.83 EPS, Q3 2019 earnings at $0.82 EPS and Q4 2019 earnings at $0.82 EPS.
Several other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Randgold Resources from a hold rating to a sell rating in a report on Monday, February 12th. JPMorgan Chase dropped their price objective on shares of Randgold Resources from $103.00 to $101.00 and set an overweight rating on the stock in a report on Monday, February 12th. BidaskClub downgraded shares of Randgold Resources from a sell rating to a strong sell rating in a report on Wednesday, February 28th. HC Wainwright restated a buy rating on shares of Randgold Resources in a report on Wednesday, January 17th. Finally, Goldman Sachs upgraded shares of Randgold Resources from a neutral rating to a buy rating in a report on Monday, March 26th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. Randgold Resources presently has an average rating of Hold and an average price target of $84.10.
Shares of GOLD opened at $80.76 on Monday. The firm has a market capitalization of $7,766.59, a P/E ratio of 28.27 and a beta of 0.11. Randgold Resources has a one year low of $77.70 and a one year high of $108.29.
Randgold Resources (NASDAQ:GOLD) last announced its earnings results on Monday, February 5th. The basic materials company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.05). The firm 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%. analysts expect that Randgold Resources will post 3.72 earnings per share for the current fiscal year.
The firm also recently announced an annual dividend, which will be paid on Friday, May 18th. Stockholders of record on Friday, March 23rd will be given a dividend of $2.00 per share. The ex-dividend date is Thursday, March 22nd. Randgold Resources’s dividend payout ratio (DPR) is currently 67.81%.
Several institutional investors have recently modified their holdings of GOLD. Deutsche Bank AG boosted its position in shares of Randgold Resources by 308.2% during the 4th quarter. Deutsche Bank AG now owns 453,699 shares of the basic materials company’s stock valued at $44,866,000 after acquiring an additional 342,549 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Randgold Resources during the 4th quarter valued at about $28,795,000. CI Investments Inc. boosted its position in shares of Randgold Resources by 498.0% during the 4th quarter. CI Investments Inc. now owns 132,810 shares of the basic materials company’s stock valued at $13,134,000 after acquiring an additional 110,600 shares in the last quarter. APG Asset Management N.V. acquired a new stake in shares of Randgold Resources during the 4th quarter valued at about $8,416,000. Finally, Renaissance Technologies LLC boosted its position in shares of Randgold Resources by 17.1% during the 4th quarter. Renaissance Technologies LLC now owns 582,600 shares of the basic materials company’s stock valued at $57,613,000 after acquiring an additional 85,200 shares in the last quarter. Institutional investors and hedge funds own 35.30% of the company’s stock.
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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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