Jefferies Group Weighs in on Randgold Resources Limited’s FY2017 Earnings (GOLD)

Randgold Resources Limited (NASDAQ:GOLD) – Equities research analysts at Jefferies Group increased their FY2017 EPS estimates for shares of Randgold Resources Limited in a report released on Thursday. Jefferies Group analyst A. Spence now forecasts that the basic materials company will post earnings of $3.22 per share for the year, up from their previous estimate of $3.16. Jefferies Group also issued estimates for Randgold Resources Limited’s FY2018 earnings at $3.98 EPS.

Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Randgold Resources Limited from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Wednesday, July 5th. BidaskClub upgraded shares of Randgold Resources Limited from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. HSBC Holdings plc restated a “hold” rating on shares of Randgold Resources Limited in a research report on Friday, July 7th. CIBC upgraded shares of Randgold Resources Limited from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, May 5th. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a $107.00 price target (up from $105.00) on shares of Randgold Resources Limited in a research report on Monday, June 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. Randgold Resources Limited currently has an average rating of “Hold” and an average target price of $101.25.

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Shares of Randgold Resources Limited (NASDAQ GOLD) traded up 0.71% on Monday, reaching $89.83. 270,287 shares of the company’s stock were exchanged. Randgold Resources Limited has a 1-year low of $67.54 and a 1-year high of $120.72.

Randgold Resources Limited (NASDAQ:GOLD) last issued its earnings results on Thursday, May 4th. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. Randgold Resources Limited had a net margin of 21.04% and a return on equity of 7.10%. The company had revenue of $316.71 million during the quarter.

Large investors have recently added to or reduced their stakes in the stock. Aperio Group LLC raised its stake in Randgold Resources Limited by 4.5% in the second quarter. Aperio Group LLC now owns 157,480 shares of the basic materials company’s stock worth $13,931,000 after buying an additional 6,826 shares in the last quarter. Creative Planning raised its stake in Randgold Resources Limited by 41.3% in the second quarter. Creative Planning now owns 1,540 shares of the basic materials company’s stock worth $136,000 after buying an additional 450 shares in the last quarter. Virtu Financial LLC purchased a new stake in Randgold Resources Limited during the second quarter worth about $309,000. Pennsylvania Trust Co purchased a new stake in Randgold Resources Limited during the second quarter worth about $212,000. Finally, Tower Research Capital LLC TRC raised its stake in Randgold Resources Limited by 43.4% in the first quarter. Tower Research Capital LLC TRC now owns 3,031 shares of the basic materials company’s stock worth $265,000 after buying an additional 917 shares in the last quarter. Institutional investors and hedge funds own 36.37% of the company’s stock.

Randgold Resources Limited 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).

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

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