Randgold Resources Ltd. (NASDAQ:GOLD) – Desjardins lowered their Q3 2019 EPS estimates for Randgold Resources in a report issued on Wednesday, March 13th. Desjardins analyst J. Wolfson now expects that the basic materials company will post earnings per share of $0.07 for the quarter, down from their prior estimate of $0.08. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for Randgold Resources’ FY2019 earnings at $0.31 EPS.
Randgold Resources (NASDAQ:GOLD) last released its earnings results on Wednesday, February 13th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.06. Randgold Resources had a net margin of 21.82% and a return on equity of 6.16%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the company earned $0.22 EPS. Randgold Resources’s quarterly revenue was down 14.5% compared to the same quarter last year.
Randgold Resources stock opened at $13.00 on Friday. Randgold Resources has a 12-month low of $9.53 and a 12-month high of $14.18. The firm has a market cap of $15.39 billion, a P/E ratio of 4.45 and a beta of -0.23.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Randgold Resources by 3.3% during the 4th quarter. BlackRock Inc. now owns 9,094,109 shares of the basic materials company’s stock valued at $743,899,000 after purchasing an additional 291,844 shares in the last quarter. Van ECK Associates Corp increased its stake in Randgold Resources by 7.4% during the 4th quarter. Van ECK Associates Corp now owns 6,749,791 shares of the basic materials company’s stock valued at $576,998,000 after purchasing an additional 464,174 shares in the last quarter. FMR LLC increased its stake in Randgold Resources by 63.5% during the 4th quarter. FMR LLC now owns 3,658,749 shares of the basic materials company’s stock valued at $312,520,000 after purchasing an additional 1,420,518 shares in the last quarter. Capital World Investors increased its stake in Randgold Resources by 10.5% during the 3rd quarter. Capital World Investors now owns 3,242,098 shares of the basic materials company’s stock valued at $228,730,000 after purchasing an additional 307,000 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Randgold Resources by 69.1% in the 3rd 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. Institutional investors and hedge funds own 39.71% of the company’s stock.
About Randgold Resources
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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