Randgold Resources Ltd. to Post FY2017 Earnings of $4.48 Per Share, Jefferies Group Forecasts (GOLD)

Randgold Resources Ltd. (NASDAQ:GOLD) – Research analysts at Jefferies Group raised their FY2017 earnings per share estimates for shares of Randgold Resources in a research note issued to investors on Friday. Jefferies Group analyst A. Spence now anticipates that the firm will post earnings per share of $4.48 for the year, up from their previous 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 topic of several other research reports. Deutsche Bank AG reiterated a “hold” rating on shares of Randgold Resources in a research report on Wednesday, August 10th. Berenberg Bank began coverage on shares of Randgold Resources in a research report on Wednesday, September 7th. They issued a “hold” rating on the stock. Scotiabank lowered shares of Randgold Resources from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, July 13th. TheStreet lowered shares of Randgold Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, October 11th. Finally, Zacks Investment Research upgraded shares of Randgold Resources from a “hold” rating to a “strong-buy” rating and set a $136.00 target price on the stock in a research report on Tuesday, July 12th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. Randgold Resources presently has a consensus rating of “Hold” and a consensus price target of $101.00.

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

Shares of Randgold Resources (NASDAQ:GOLD) traded up 1.98% during trading on Monday, reaching $85.49. 308,562 shares of the company traded hands. The stock has a market capitalization of $8.01 billion, a PE ratio of 42.30 and a beta of 0.38. The firm has a 50 day moving average of $95.82 and a 200 day moving average of $99.54. Randgold Resources has a 52 week low of $58.77 and a 52 week high of $126.55.

A number of institutional investors have recently modified their holdings of GOLD. Bremer Trust National Association increased its position in shares of Randgold Resources by 0.8% in the third quarter. Bremer Trust National Association now owns 3,003 shares of the company’s stock worth $300,000 after buying an additional 24 shares during the period. Checchi Capital Advisers LLC increased its position in shares of Randgold Resources by 4.7% in the second quarter. Checchi Capital Advisers LLC now owns 1,004 shares of the company’s stock worth $112,000 after buying an additional 45 shares during the period. Stifel Financial Corp increased its position in shares of Randgold Resources by 0.8% in the second quarter. Stifel Financial Corp now owns 13,108 shares of the company’s stock worth $1,469,000 after buying an additional 107 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Randgold Resources by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 20,734 shares of the company’s stock worth $2,323,000 after buying an additional 237 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Randgold Resources by 0.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,363 shares of the company’s stock worth $2,848,000 after buying an additional 263 shares during the period. 40.82% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NASDAQ:GOLD

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