Wall Street brokerages forecast that Randgold Resources Ltd. (NASDAQ:GOLD) will post earnings per share of $0.72 for the current quarter, Zacks reports. Zero analysts have issued estimates for Randgold Resources’ earnings. Randgold Resources posted earnings of $0.51 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 41.2%. The firm is expected to report its next quarterly earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Randgold Resources will report full year earnings of $2.93 per share for the current fiscal year, with EPS estimates ranging from $2.59 to $3.41. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.54 per share, with EPS estimates ranging from $2.78 to $4.61. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Randgold Resources.

Randgold Resources (NASDAQ:GOLD) last released its earnings results on Thursday, August 9th. The basic materials company reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.04). Randgold Resources had a net margin of 19.74% and a return on equity of 5.88%. The company had revenue of $283.66 million for the quarter.

GOLD has been the subject of several analyst reports. Desjardins raised shares of Randgold Resources from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a report on Friday, August 17th. Clarus Securities reaffirmed a “buy” rating on shares of Randgold Resources in a report on Friday, August 10th. UBS Group raised shares of Randgold Resources from a “neutral” rating to a “buy” rating in a report on Wednesday, August 29th. Scotiabank set a $98.00 price objective on shares of Randgold Resources and gave the stock a “hold” rating in a report on Thursday, August 9th. Finally, Zacks Investment Research raised shares of Randgold Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 8th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $101.00.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GOLD. Van ECK Associates Corp boosted its holdings in Randgold Resources by 22.5% in the 1st quarter. Van ECK Associates Corp now owns 5,460,098 shares of the basic materials company’s stock worth $454,499,000 after buying an additional 1,001,501 shares during the period. Renaissance Technologies LLC lifted its stake in Randgold Resources by 68.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,199,362 shares of the basic materials company’s stock worth $92,459,000 after purchasing an additional 485,862 shares in the last quarter. CI Global Investments Inc. purchased a new stake in Randgold Resources in the 1st quarter worth approximately $27,017,000. BlackRock Inc. lifted its stake in Randgold Resources by 2.5% in the 2nd quarter. BlackRock Inc. now owns 9,209,563 shares of the basic materials company’s stock worth $709,966,000 after purchasing an additional 222,064 shares in the last quarter. Finally, Prince Street Capital Management LLC lifted its stake in Randgold Resources by 58.4% in the 1st quarter. Prince Street Capital Management LLC now owns 473,000 shares of the basic materials company’s stock worth $39,373,000 after purchasing an additional 174,300 shares in the last quarter. 36.67% of the stock is owned by institutional investors.

GOLD opened at $61.54 on Monday. The company has a market capitalization of $5.77 billion, a P/E ratio of 25.06 and a beta of -0.14. Randgold Resources has a 12 month low of $59.90 and a 12 month high of $104.05.

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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