Wall Street analysts forecast that Randgold Resources Ltd. (NASDAQ:GOLD) will report earnings of $0.87 per share for the current quarter, Zacks reports. Zero analysts have made estimates for Randgold Resources’ earnings. Randgold Resources posted earnings per share of $0.83 in the same quarter last year, which would indicate a positive year over year growth rate of 4.8%. The company is scheduled to report its next quarterly earnings report on Monday, February 5th.

According to Zacks, analysts expect that Randgold Resources will report full-year earnings of $2.98 per share for the current financial year, with EPS estimates ranging from $2.92 to $3.07. For the next financial year, analysts forecast that the company will report earnings of $3.76 per share, with EPS estimates ranging from $3.46 to $3.93. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Randgold Resources.

GOLD has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Randgold Resources from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a report on Wednesday, September 20th. Investec upgraded shares of Randgold Resources from a “hold” rating to a “buy” rating in a report on Friday, November 3rd. UBS Group lowered shares of Randgold Resources from a “buy” rating to a “neutral” rating in a report on Thursday, November 9th. HC Wainwright restated a “buy” rating on shares of Randgold Resources in a report on Wednesday, November 22nd. Finally, Royal Bank of Canada upgraded shares of Randgold Resources to a “sector perform” rating in a report on Monday, December 4th. They noted that the move was a valuation call. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $84.90.

Several institutional investors have recently added to or reduced their stakes in the company. Howe & Rusling Inc. bought a new stake in Randgold Resources during the 3rd quarter valued at about $137,000. Ninepoint Partners LP bought a new stake in Randgold Resources during the 3rd quarter valued at about $10,645,000. Fox Run Management L.L.C. bought a new stake in Randgold Resources during the 3rd quarter valued at about $420,000. Essex Investment Management Co. LLC bought a new stake in Randgold Resources during the 3rd quarter valued at about $1,928,000. Finally, Aperio Group LLC lifted its holdings in Randgold Resources by 10.6% during the 3rd quarter. Aperio Group LLC now owns 174,117 shares of the basic materials company’s stock valued at $17,004,000 after buying an additional 16,637 shares in the last quarter. Hedge funds and other institutional investors own 34.99% of the company’s stock.

Randgold Resources (NASDAQ GOLD) traded up $2.40 during mid-day trading on Friday, reaching $100.45. 444,716 shares of the company’s stock traded hands, compared to its average volume of 327,855. Randgold Resources has a fifty-two week low of $80.34 and a fifty-two week high of $108.29. The company has a market capitalization of $9,223.44, a price-to-earnings ratio of 34.05 and a beta of -0.12.

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

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