Randgold Resources (NASDAQ:GOLD) – Research analysts at Desjardins lowered their Q1 2018 EPS estimates for shares of Randgold Resources in a report released on Monday, April 16th. Desjardins analyst J. Wolfson now forecasts that the basic materials company will post earnings per share of $0.66 for the quarter, down from their previous estimate of $0.90. Desjardins currently has a “Hold” rating and a $100.00 target price on the stock. Desjardins also issued estimates for Randgold Resources’ Q3 2018 earnings at $0.94 EPS, Q4 2018 earnings at $0.94 EPS and FY2019 earnings at $3.30 EPS.
Randgold Resources (NASDAQ:GOLD) last released its quarterly earnings data on Monday, February 5th. The basic materials company reported $0.79 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.05). Randgold Resources had a return on equity of 7.13% and a net margin of 21.72%. The company had revenue of $328.62 million for the quarter.
GOLD has been the subject of a number of other reports. Zacks Investment Research cut shares of Randgold Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 23rd. JPMorgan Chase reduced their price objective on shares of Randgold Resources from $103.00 to $102.00 and set a “neutral” rating for the company in a research report on Monday, April 9th. BidaskClub cut shares of Randgold Resources from a “sell” rating to a “strong sell” rating in a research report on Wednesday, February 28th. HC Wainwright reaffirmed a “buy” rating on shares of Randgold Resources in a research report on Wednesday, January 17th. Finally, Royal Bank of Canada cut shares of Randgold Resources from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, April 4th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $84.10.
GOLD stock opened at $81.30 on Wednesday. Randgold Resources has a one year low of $77.70 and a one year high of $108.29. The firm has a market cap of $7,624.97, a price-to-earnings ratio of 27.75 and a beta of 0.11.
The firm also recently announced an annual dividend, which will be paid on Friday, May 18th. Stockholders of record on Friday, March 23rd will be given a $2.00 dividend. The ex-dividend date is Thursday, March 22nd. Randgold Resources’s payout ratio is presently 67.81%.
Several institutional investors have recently made changes to their positions in GOLD. JPMorgan Chase & Co. boosted its position in shares of Randgold Resources by 36.7% in the third quarter. JPMorgan Chase & Co. now owns 100,107 shares of the basic materials company’s stock valued at $9,858,000 after acquiring an additional 26,899 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Randgold Resources in the third quarter valued at about $713,000. Parametric Portfolio Associates LLC boosted its position in shares of Randgold Resources by 9.6% in the third quarter. Parametric Portfolio Associates LLC now owns 151,565 shares of the basic materials company’s stock valued at $14,802,000 after acquiring an additional 13,291 shares during the period. SG Americas Securities LLC boosted its position in shares of Randgold Resources by 24.6% in the fourth quarter. SG Americas Securities LLC now owns 3,385 shares of the basic materials company’s stock valued at $335,000 after acquiring an additional 668 shares during the period. Finally, APG Asset Management N.V. bought a new stake in shares of Randgold Resources in the fourth quarter valued at about $8,416,000. 35.30% of the stock is owned by institutional investors.
About Randgold Resources
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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