Randgold Resources (GOLD) Announces Quarterly Earnings Results, Misses Estimates By $0.05 EPS
Randgold Resources (NASDAQ:GOLD) issued its quarterly earnings results on Monday. The basic materials company reported $0.79 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.05), Morningstar.com reports. Randgold Resources had a return on equity of 7.19% and a net margin of 21.72%. The business had revenue of $328.62 million during the quarter.
Shares of Randgold Resources (NASDAQ GOLD) opened at $89.16 on Wednesday. Randgold Resources has a 52-week low of $83.18 and a 52-week high of $108.29. The company has a market capitalization of $8,713.58, a P/E ratio of 30.64 and a beta of -0.06.
A number of institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. boosted its position in Randgold Resources by 3.7% in the 4th quarter. Alps Advisors Inc. now owns 322,817 shares of the basic materials company’s stock worth $31,923,000 after purchasing an additional 11,599 shares in the last quarter. Aperio Group LLC boosted its position in Randgold Resources by 7.7% in the 4th quarter. Aperio Group LLC now owns 187,485 shares of the basic materials company’s stock worth $18,540,000 after purchasing an additional 13,368 shares in the last quarter. Parametric Portfolio Associates LLC boosted 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 worth $14,802,000 after purchasing an additional 13,291 shares in the last quarter. CI Investments Inc. boosted its position in Randgold Resources by 498.0% in the 4th quarter. CI Investments Inc. now owns 132,810 shares of the basic materials company’s stock worth $13,134,000 after purchasing an additional 110,600 shares in the last quarter. Finally, Ninepoint Partners LP purchased a new stake in Randgold Resources in the 3rd quarter worth approximately $10,645,000. Institutional investors and hedge funds own 35.25% of the company’s stock.
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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