Gold miner hikes dividend by 52% as demand soars

Cornelia Mascio
Febbraio 7, 2017

Nonetheless, and in the immediate aftermath of reporting, investor reaction in Randgold Resources Limited (GOLD) stock has proven to be much more bearish.

European markets were trading marginally up as most of the gains in shares of basic material, healthcare and financial companies were offset by losses in those of technology and telecom companies.

Randgold Resources Limited using EPIC/TICKER code LON:RRS has had its stock rating noted as "Reiterates" with the recommendation being set at "BUY" this morning by analysts at Goldman Sachs. Randgold Resources Limited has a 52-week low of GBX 4,777.00 and a 52-week high of GBX 9,820.00. Thus the company showed an Earnings Surprise of -23.3 Percent.

If the City consensus is on the mark, earnings per share (EPS) should come in at around $0.11, giving a price-to-earnings ratio of 28, which compares with Randgold's 33.

Randgold eyes over 270,000 oz
Randgold Resources employee checks samplesReuters

Gold is now trading at around $1,224/oz, modestly lower than the average price received by Randgold last year and well down from last year's high of $1,367/oz.

Randgold Resources Limited (NASDAQ:GOLD) now has a consensus Price Target of $101.87. There are now 93,872,638 shares in issue with the average daily volume traded being 617,183.

Fellow precious metals miner Fresnillo gained 1.4 percent, supported by a rising gold price, which was up for a third straight session. The stock has moved up across its 50-day moving average of $79.62. The Moving Average SMA50 is 17.72% while SMA200 is -1.46%. The stock now shows its YTD (Year to Date) performance of 19.16 percent while its Weekly performance value is 10.72%. Full-year profit views are for Randgold Resources Limited to earn $2.83 in current year and drop profits by almost 40.8% over last year's earnings of $2.01. Randgold Resources Limited had a net margin of 19.12% and a return on equity of 5.98%. The Average Volume (3 months) is 1.13 Million.

Among other risers, Barclays led United Kingdom banking stocks higher after the lender said that it would overhaul its back office operations under a restructuring to help it comply with new post-crisis rules.

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