Randgold Resources Ltd. to Post FY2017 Earnings of $4.48 Per Share, Jefferies Group Forecasts (GOLD)
Randgold Resources Ltd. (NASDAQ:GOLD) – Stock analysts at Jefferies Group raised their FY2017 earnings estimates for shares of Randgold Resources in a research report issued to clients and investors on Friday. Jefferies Group analyst A. Spence now forecasts that the brokerage will post earnings of $4.48 per share for the year, up from their prior estimate of $4.41. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for Randgold Resources’ FY2018 earnings at $4.50 EPS.
GOLD has been the subject of a number of other reports. Macquarie upgraded Randgold Resources from a “neutral” rating to an “outperform” rating in a research note on Friday, July 1st. Deutsche Bank AG restated a “hold” rating on shares of Randgold Resources in a research note on Wednesday, September 7th. Zacks Investment Research downgraded Randgold Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 7th. Berenberg Bank initiated coverage on Randgold Resources in a research note on Wednesday, September 7th. They issued a “hold” rating for the company. Finally, TheStreet downgraded Randgold Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, October 11th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $101.00.
Randgold Resources (NASDAQ:GOLD) traded up 1.98% during mid-day trading on Monday, hitting $85.49. The stock had a trading volume of 308,562 shares. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 42.30 and a beta of 0.38. Randgold Resources has a one year low of $58.77 and a one year high of $126.55. The stock’s 50 day moving average price is $95.82 and its 200 day moving average price is $99.54.
A number of hedge funds have recently added to or reduced their stakes in GOLD. Cabot Wealth Management Inc. purchased a new stake in Randgold Resources during the second quarter valued at $1,946,000. BNP Paribas Arbitrage SA boosted its stake in Randgold Resources by 32.3% in the second quarter. BNP Paribas Arbitrage SA now owns 4,615 shares of the company’s stock valued at $517,000 after buying an additional 1,126 shares during the last quarter. Euclid Advisors LLC purchased a new stake in Randgold Resources during the first quarter valued at $4,808,000. LPL Financial LLC boosted its stake in Randgold Resources by 7.0% in the first quarter. LPL Financial LLC now owns 15,242 shares of the company’s stock valued at $1,372,000 after buying an additional 1,002 shares during the last quarter. Finally, Moore Capital Management LP purchased a new stake in Randgold Resources during the first quarter valued at $3,242,000. 40.82% of the stock is owned by institutional investors and hedge funds.
Randgold Resources Company Profile
Randgold Resources Limited is engaged in the 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 mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company holds Morila Limited, which holds interests in the Morila mine in Mali.
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