$0.58 Earnings Per Share Expected for Randgold Resources Ltd. (GOLD) This Quarter

Analysts predict that Randgold Resources Ltd. (NASDAQ:GOLD) will post $0.58 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have made estimates for Randgold Resources’ earnings. Randgold Resources reported earnings per share of $0.88 during the same quarter last year, which suggests a negative year-over-year growth rate of 34.1%. The company is expected to issue its next quarterly earnings results on Friday, August 3rd.

According to Zacks, analysts expect that Randgold Resources will report full-year earnings of $3.19 per share for the current year, with EPS estimates ranging from $2.84 to $3.42. For the next financial year, analysts forecast that the business will post earnings of $3.66 per share, with EPS estimates ranging from $3.06 to $4.59. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Randgold Resources.

Randgold Resources (NASDAQ:GOLD) last issued its earnings results on Thursday, May 10th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.08). The company had revenue of $273.28 million for the quarter. Randgold Resources had a net margin of 21.49% and a return on equity of 6.72%.

A number of analysts recently weighed in on GOLD shares. JPMorgan Chase & Co. lowered 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 note on Monday, April 9th. BidaskClub raised shares of Randgold Resources from a “sell” rating to a “hold” rating in a research note on Friday, June 1st. Royal Bank of Canada lowered shares of Randgold Resources from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, April 4th. TheStreet lowered shares of Randgold Resources from a “b” rating to a “c+” rating in a research note on Tuesday, May 15th. Finally, Zacks Investment Research lowered shares of Randgold Resources from a “hold” rating to a “sell” rating in a research note on Monday, April 16th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. Randgold Resources presently has a consensus rating of “Hold” and an average price target of $103.00.

NASDAQ:GOLD traded up $0.38 during mid-day trading on Friday, reaching $72.98. The company’s stock had a trading volume of 315,940 shares, compared to its average volume of 556,747. Randgold Resources has a 1 year low of $71.05 and a 1 year high of $108.29. The firm has a market cap of $6.92 billion, a PE ratio of 24.99 and a beta of 0.04.

Large investors have recently added to or reduced their stakes in the stock. Mckinley Capital Management LLC Delaware lifted its position in shares of Randgold Resources by 68.0% during the first quarter. Mckinley Capital Management LLC Delaware now owns 2,188 shares of the basic materials company’s stock valued at $182,000 after buying an additional 886 shares during the last quarter. Sei Investments Co. lifted its position in shares of Randgold Resources by 27.1% during the first quarter. Sei Investments Co. now owns 2,971 shares of the basic materials company’s stock valued at $247,000 after buying an additional 633 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of Randgold Resources during the fourth quarter valued at about $371,000. Commonwealth Equity Services LLC lifted its position in shares of Randgold Resources by 68.2% during the first quarter. Commonwealth Equity Services LLC now owns 3,823 shares of the basic materials company’s stock valued at $318,000 after buying an additional 1,550 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Randgold Resources during the first quarter valued at about $467,000. 35.63% 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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