Zacks: Analysts Anticipate Randgold Resources (GOLD) to Post $0.77 EPS

Analysts forecast that Randgold Resources (NASDAQ:GOLD) will announce $0.77 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Randgold Resources’ earnings. The lowest EPS estimate is $0.66 and the highest is $0.88. Randgold Resources posted earnings of $0.73 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 5.5%. The company is expected to issue its next earnings report on Thursday, May 3rd.

On average, analysts expect that Randgold Resources will report full-year earnings of $3.72 per share for the current fiscal year, with EPS estimates ranging from $3.37 to $4.32. For the next fiscal year, analysts expect that the company will post earnings of $4.13 per share, with EPS estimates ranging from $3.30 to $5.05. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Randgold Resources.

Randgold Resources (NASDAQ:GOLD) last posted its quarterly earnings results on Monday, February 5th. The basic materials company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.05). The company had revenue of $328.62 million during the quarter. Randgold Resources had a return on equity of 7.13% and a net margin of 21.72%.

A number of research firms recently commented on GOLD. Zacks Investment Research cut shares of Randgold Resources from a “hold” rating to a “sell” rating in a report on Monday, April 16th. Desjardins set a $100.00 price target on shares of Randgold Resources and gave the stock a “hold” rating in a report on Monday, April 16th. Royal Bank of Canada cut shares of Randgold Resources from a “sector perform” rating to an “underperform” rating in a report on Wednesday, April 4th. JPMorgan Chase lowered their price target on shares of Randgold Resources from $103.00 to $102.00 and set a “neutral” rating on the stock in a report on Monday, April 9th. Finally, BidaskClub raised shares of Randgold Resources from a “strong sell” rating to a “sell” rating in a report on Saturday, March 24th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $104.00.

A number of hedge funds have recently modified their holdings of the business. Saturna Capital CORP raised its holdings in Randgold Resources by 7.3% during the 4th quarter. Saturna Capital CORP now owns 9,081 shares of the basic materials company’s stock valued at $898,000 after acquiring an additional 620 shares during the period. Advisory Services Network LLC raised its holdings in Randgold Resources by 60.4% during the 4th quarter. Advisory Services Network LLC now owns 1,700 shares of the basic materials company’s stock valued at $168,000 after acquiring an additional 640 shares during the period. SG Americas Securities LLC raised its holdings in Randgold Resources by 24.6% during the 4th 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. CoreCommodity Management LLC raised its holdings in Randgold Resources by 8.9% during the 4th quarter. CoreCommodity Management LLC now owns 9,475 shares of the basic materials company’s stock valued at $937,000 after acquiring an additional 773 shares during the period. Finally, US Bancorp DE raised its holdings in Randgold Resources by 33.3% during the 4th quarter. US Bancorp DE now owns 4,140 shares of the basic materials company’s stock valued at $410,000 after acquiring an additional 1,034 shares during the period. 35.31% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:GOLD opened at $79.68 on Wednesday. The company has a market capitalization of $7,510.73, a P/E ratio of 27.20 and a beta of 0.11. Randgold Resources has a 12 month low of $77.70 and a 12 month high of $108.29.

The firm also recently announced an annual dividend, which will be paid on Friday, May 18th. Shareholders of record on Friday, March 23rd will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Thursday, March 22nd. Randgold Resources’s payout ratio is 67.81%.

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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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