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

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

Randgold Resources Ltd. (NASDAQ:GOLD) – Analysts at Jefferies Group raised their FY2017 earnings estimates for Randgold Resources in a report released on Friday. Jefferies Group analyst A. Spence now anticipates that the brokerage will earn $4.48 per share for the year, up from their prior forecast of $4.41. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Randgold Resources’ FY2018 earnings at $4.50 EPS.

Several other brokerages have also issued reports on GOLD. HSBC reaffirmed a “buy” rating on shares of Randgold Resources in a research note on Thursday, July 7th. Zacks Investment Research raised Randgold Resources from a “hold” rating to a “strong-buy” rating and set a $136.00 price target on the stock in a research note on Tuesday, July 12th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Randgold Resources in a research note on Monday, July 11th. Scotiabank lowered Randgold Resources from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, July 13th. Finally, Investec reaffirmed a “buy” rating on shares of Randgold Resources in a research note on Tuesday, July 19th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $101.00.

Shares of Randgold Resources (NASDAQ:GOLD) opened at 83.04 on Monday. Randgold Resources has a 12 month low of $58.77 and a 12 month high of $126.55. The firm’s 50-day moving average price is $96.26 and its 200-day moving average price is $99.48. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 41.09 and a beta of 0.38.

Large investors have recently made changes to their positions in the company. Bremer Trust National Association increased its stake 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 valued at $300,000 after buying an additional 24 shares during the period. Checchi Capital Advisers LLC increased its stake 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 valued at $112,000 after buying an additional 45 shares during the period. Stifel Financial Corp increased its stake 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 valued at $1,469,000 after buying an additional 107 shares during the period. Dimensional Fund Advisors LP increased its stake 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 valued at $2,323,000 after buying an additional 237 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake 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 valued at $2,848,000 after buying an additional 263 shares during the period. Institutional investors own 40.82% of the company’s stock.

Randgold Resources Company Profile

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