Randgold Resources Ltd. (NASDAQ:GOLD) – Equities research analysts at Desjardins raised their FY2020 earnings estimates for shares of Randgold Resources in a research report issued on Wednesday, March 13th. Desjardins analyst J. Wolfson now forecasts that the basic materials company will earn $0.36 per share for the year, up from their prior forecast of $0.32. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for Randgold Resources’ FY2021 earnings at $0.34 EPS and FY2022 earnings at $0.31 EPS.

Randgold Resources (NASDAQ:GOLD) last announced its quarterly earnings data on Wednesday, February 13th. The basic materials company reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Randgold Resources had a return on equity of 6.16% and a net margin of 21.82%. The company’s quarterly revenue was down 14.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 EPS.

Other equities analysts have also recently issued research reports about the company. ValuEngine raised Randgold Resources from a “hold” rating to a “buy” rating in a report on Tuesday, November 20th. CIBC raised Randgold Resources from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 2nd. Barclays began coverage on Randgold Resources in a report on Wednesday, January 9th. They set an “overweight” rating for the company. BidaskClub cut Randgold Resources from a “buy” rating to a “hold” rating in a report on Wednesday, November 28th. Finally, HC Wainwright reissued a “buy” rating and set a $5.00 price target on shares of Randgold Resources in a report on Tuesday, March 5th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $40.47.

Randgold Resources stock opened at $12.84 on Monday. Randgold Resources has a 52 week low of $9.53 and a 52 week high of $14.18. The firm has a market cap of $22.69 billion, a PE ratio of 4.40 and a beta of -0.23.

A number of institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC increased its holdings in Randgold Resources by 16.9% in the 3rd quarter. AQR Capital Management LLC now owns 4,452 shares of the basic materials company’s stock worth $314,000 after purchasing an additional 645 shares in the last quarter. Signaturefd LLC increased its holdings in Randgold Resources by 97.1% in the 3rd quarter. Signaturefd LLC now owns 1,516 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 747 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Randgold Resources by 64.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,485 shares of the basic materials company’s stock worth $204,000 after purchasing an additional 973 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Randgold Resources by 39.3% in the 4th quarter. Advisors Asset Management Inc. now owns 4,985 shares of the basic materials company’s stock worth $413,000 after purchasing an additional 1,407 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in Randgold Resources by 11.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 16,171 shares of the basic materials company’s stock worth $1,141,000 after purchasing an additional 1,719 shares in the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

Randgold Resources Company Profile

Randgold Resources Ltd. engages in the exploration and development of gold deposits. Its projects include the following: Loulo-Gounkoto complex, Morila gold mine, Tongon gold mine, Kibali gold mine, and Massawa. The company was founded in August 1995 and is headquartered in St. Helier, the United Kingdom.

Read More: Price to Earnings Ratio (PE) Basics

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

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