Q4 2017 Earnings Estimate for Randgold Resources Ltd. (GOLD) Issued By Desjardins
Randgold Resources Ltd. (NASDAQ:GOLD) – Stock analysts at Desjardins upped their Q4 2017 earnings per share estimates for Randgold Resources in a research note issued on Friday. Desjardins analyst J. Wolfson now expects that the basic materials company will post earnings of $0.87 per share for the quarter, up from their prior estimate of $0.81. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Randgold Resources’ Q3 2018 earnings at $0.87 EPS and Q2 2019 earnings at $0.99 EPS.
Several other research analysts have also recently issued reports on GOLD. Zacks Investment Research raised Randgold Resources from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a report on Wednesday, September 20th. BidaskClub raised Randgold Resources from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. UBS Group cut Randgold Resources from a “buy” rating to a “neutral” rating in a report on Thursday, November 9th. Citigroup raised Randgold Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, December 5th. Finally, Royal Bank of Canada raised Randgold Resources to a “sector perform” rating in a report on Monday, December 4th. They noted that the move was a valuation call. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $84.90.
Randgold Resources (NASDAQ:GOLD) last posted its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.51 earnings per share (EPS) for the quarter. Randgold Resources had a return on equity of 7.32% and a net margin of 21.49%.
A number of hedge funds and other institutional investors have recently bought and sold shares of GOLD. Acrospire Investment Management LLC grew its position in Randgold Resources by 40.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the basic materials company’s stock worth $124,000 after purchasing an additional 400 shares in the last quarter. Howe & Rusling Inc. purchased a new position in Randgold Resources during the 3rd quarter worth approximately $137,000. FNY Managed Accounts LLC purchased a new position in Randgold Resources during the 3rd quarter worth approximately $152,000. Quadrant Capital Group LLC grew its position in Randgold Resources by 11.2% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,939 shares of the basic materials company’s stock worth $162,000 after purchasing an additional 195 shares in the last quarter. Finally, Advisor Group Inc. grew its position in Randgold Resources by 9.7% during the 2nd quarter. Advisor Group Inc. now owns 2,815 shares of the basic materials company’s stock worth $248,000 after purchasing an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 35.11% 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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