Randgold Resources Ltd. (GOLD) Expected to Post Q1 2017 Earnings of $0.71 Per Share
Randgold Resources Ltd. (NASDAQ:GOLD) – Jefferies Group issued their Q1 2017 earnings per share estimates for Randgold Resources in a research note issued on Tuesday. Jefferies Group analyst A. Spence expects that the basic materials company will post earnings per share of $0.71 for the quarter. Jefferies Group also issued estimates for Randgold Resources’ FY2017 earnings at $3.09 EPS.
Randgold Resources (NASDAQ:GOLD) last posted its earnings results on Monday, February 6th. The basic materials company reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.07. Randgold Resources had a return on equity of 6.81% and a net margin of 20.61%. The firm earned $356.39 million during the quarter.
GOLD has been the topic of a number of other research reports. Royal Bank of Canada downgraded Randgold Resources from a “sector perform” rating to an “underperform” rating and set a $59.00 price target on the stock. in a research report on Wednesday, March 8th. They noted that the move was a valuation call. Berenberg Bank reissued a “buy” rating on shares of Randgold Resources in a research report on Sunday, February 5th. Deutsche Bank AG downgraded Randgold Resources from a “buy” rating to a “hold” rating in a research report on Friday, March 17th. Zacks Investment Research raised Randgold Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, February 13th. Finally, Scotiabank dropped their price target on Randgold Resources to $136.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $98.67.
Shares of Randgold Resources (NASDAQ:GOLD) opened at 90.63 on Friday. The company has a market cap of $8.52 billion, a price-to-earnings ratio of 34.72 and a beta of 0.13. Randgold Resources has a 1-year low of $67.54 and a 1-year high of $126.55. The stock has a 50 day moving average of $89.14 and a 200 day moving average of $83.99.
The business also recently disclosed a dividend, which will be paid on Friday, May 26th. Investors of record on Friday, March 17th will be given a dividend of $0.98 per share. This is an increase from Randgold Resources’s previous dividend of $0.66. The ex-dividend date is Wednesday, March 15th. Randgold Resources’s dividend payout ratio (DPR) is presently 49.04%.
Institutional investors have recently made changes to their positions in the company. Paulson & CO. Inc. bought a new position in shares of Randgold Resources during the fourth quarter worth approximately $38,170,000. Renaissance Technologies LLC increased its position in shares of Randgold Resources by 601.6% in the fourth quarter. Renaissance Technologies LLC now owns 410,455 shares of the basic materials company’s stock worth $31,334,000 after buying an additional 351,955 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Randgold Resources by 2.1% in the fourth quarter. Van ECK Associates Corp now owns 6,604,400 shares of the basic materials company’s stock worth $504,180,000 after buying an additional 133,959 shares during the last quarter. Alps Advisors Inc. increased its position in shares of Randgold Resources by 19.3% in the third quarter. Alps Advisors Inc. now owns 424,747 shares of the basic materials company’s stock worth $42,504,000 after buying an additional 68,701 shares during the last quarter. Finally, OLD Mission Capital LLC increased its position in shares of Randgold Resources by 243.5% in the third quarter. OLD Mission Capital LLC now owns 85,008 shares of the basic materials company’s stock worth $7,256,000 after buying an additional 60,258 shares during the last quarter. Hedge funds and other institutional investors own 38.52% of the company’s stock.
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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