Equities research analysts expect that Randgold Resources Ltd. (NASDAQ:GOLD) will announce sales of $1.94 billion for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Randgold Resources’ earnings. The lowest sales estimate is $1.89 billion and the highest is $1.98 billion. Randgold Resources posted sales of $2.23 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 13%. The company is scheduled to issue its next earnings report before the market opens on Wednesday, February 13th.
On average, analysts expect that Randgold Resources will report full-year sales of $7.54 billion for the current year, with estimates ranging from $7.23 billion to $8.06 billion. For the next financial year, analysts expect that the firm will report sales of $8.40 billion, with estimates ranging from $7.89 billion to $9.11 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Randgold Resources.
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Several equities analysts recently issued reports on GOLD shares. BidaskClub upgraded shares of Randgold Resources from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 25th. Macquarie lowered shares of Randgold Resources from an “outperform” rating to a “neutral” rating in a research note on Monday, October 22nd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Randgold Resources from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 8th. TheStreet raised shares of Randgold Resources from a “c+” rating to a “b-” rating in a research note on Monday, December 31st. Finally, Raymond James set a $17.00 price objective on shares of Randgold Resources and gave the stock a “market perform” rating in a research note on Wednesday, January 23rd. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $69.50.
Shares of NASDAQ GOLD opened at $13.62 on Monday. Randgold Resources has a 1 year low of $9.53 and a 1 year high of $14.18. The stock has a market cap of $15.90 billion, a P/E ratio of 4.66 and a beta of -0.23.
A number of large investors have recently bought and sold shares of GOLD. Renaissance Technologies LLC boosted its stake in Randgold Resources by 69.1% during the third quarter. Renaissance Technologies LLC now owns 2,028,300 shares of the basic materials company’s stock worth $143,097,000 after acquiring an additional 828,938 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Randgold Resources in the fourth quarter worth approximately $52,335,000. Capital World Investors lifted its stake in shares of Randgold Resources by 10.5% in the third quarter. Capital World Investors now owns 3,242,098 shares of the basic materials company’s stock worth $228,730,000 after buying an additional 307,000 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Randgold Resources by 3.3% in the fourth quarter. BlackRock Inc. now owns 9,094,109 shares of the basic materials company’s stock worth $743,899,000 after buying an additional 291,844 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of Randgold Resources by 13.5% in the third quarter. FMR LLC now owns 2,238,231 shares of the basic materials company’s stock worth $157,907,000 after buying an additional 266,142 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.
Randgold Resources Company Profile
Randgold Resources Ltd. engages in the exploration and development of gold deposits. Its projects include the following: Loulo-Gounkoto complex, Morila gold mine, Tongon gold mine, Kibali gold mine, and Massawa. The company was founded in August 1995 and is headquartered in St. Helier, the United Kingdom.
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