Q4 2017 Earnings Estimate for Randgold Resources Ltd. (GOLD) Issued By Desjardins
Randgold Resources Ltd. (NASDAQ:GOLD) – Stock analysts at Desjardins issued their Q4 2017 earnings estimates for Randgold Resources in a research report issued on Monday. Desjardins analyst J. Wolfson forecasts that the basic materials company will post earnings of $0.81 per share for the quarter. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for Randgold Resources’ Q1 2018 earnings at $0.82 EPS, Q2 2018 earnings at $0.86 EPS, Q3 2018 earnings at $0.86 EPS, Q4 2018 earnings at $0.92 EPS, FY2018 earnings at $3.46 EPS, Q1 2019 earnings at $0.99 EPS, Q2 2019 earnings at $0.98 EPS, Q3 2019 earnings at $0.98 EPS and FY2019 earnings at $3.93 EPS.
A number of other equities research analysts have also recently issued reports on the company. BidaskClub cut Randgold Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. Zacks Investment Research raised Randgold Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Citigroup upgraded Randgold Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, December 5th. Royal Bank of Canada upgraded Randgold Resources to a “sector perform” rating in a report on Monday, December 4th. They noted that the move was a valuation call. Finally, HC Wainwright reiterated a “buy” rating on shares of Randgold Resources in a report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $84.90.
Shares of Randgold Resources (GOLD) opened at $92.44 on Thursday. The stock has a market capitalization of $8,510.40, a P/E ratio of 30.67 and a beta of -0.11. Randgold Resources has a 12-month low of $67.54 and a 12-month high of $108.29.
Hedge funds have recently made changes to their positions in the company. Acrospire Investment Management LLC grew its holdings in shares of Randgold Resources by 40.0% during the second 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 during the last quarter. Howe & Rusling Inc. bought a new stake in shares of Randgold Resources during the third quarter worth $137,000. FNY Managed Accounts LLC bought a new stake in shares of Randgold Resources during the third quarter worth $152,000. Twin Tree Management LP bought a new stake in shares of Randgold Resources during the second quarter worth $160,000. Finally, Quadrant Capital Group LLC grew its holdings in shares of Randgold Resources by 11.2% during the second 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 during the last quarter. Institutional investors own 35.18% 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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