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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Randgold Resources Limited    RRS   GB00B01C3S32

Delayed Quote. Delayed  - 08/26 05:35:19 pm
7675 GBp   +0.72%
08/22 Weaker commodity-related stocks push FTSE to two-week low
08/15 RANDGOLD RESOUR : *jpm raises randgold resources price target to 785..
08/10 RANDGOLD RESOUR : *panmure raises randgold resources price target to..
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ADR Report: Shares Fall On Disappointing Earnings

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05/03/2012 | 10:50pm CEST
   By Corrie Driebusch 
   Of  
 

International companies traded in New York closed lower Thursday, in line with the broader market, as disappointing earnings pressured shares.

The Bank of New York index of ADRs shed 0.8% to 125.44, weighed down by a string of companies reporting lower-than-expected first-quarter results.

Africa-focused gold miner Randgold Resources Ltd. (GOLD, RRS.LN) said Thursday its first-quarter gold production and profits were up on the year despite the political troubles in Mali, from where it derives the majority of its gold output. Shares fell 5.1% to $81.89 as revenue missed analysts' expectations.

Delhaize Group's (DEG, DELB.BT) problems look set to continue after the retailer swung to a first-quarter net loss on charges related to store closures and revamps in the U.S., where it generates more than half of its sales. Shares of the Brussels-based retailer dropped 10% to $42.69.

The European index shed 0.7% to 115.18.

Societe Generale SA (SCGLY, GLE.FR) said Thursday that first-quarter earnings at its investment bank rebounded from the tough, previous quarter but fell year-on-year, pressured by a restructuring plan aimed at sheltering the French bank from Europe's still-smoldering debt crisis. Shares tumbled 5.2% to $4.52.

Infineon Technologies AG (IFNNY, IFX.XE) shares ended off 3.8% at $9.54 as investors focused on management commentary about margin forecasts at Thursday's analyst conference. Infineon's management said it sees difficulties for several years ahead when it comes to increasing its margins.

The Asian index dropped 1.1% to 124.82, and the emerging markets index fell 1.1% to 295.31.

Output cuts across Europe's aluminum industry are hurting short-term demand for alumina, a key ingredient in the lightweight metal, and driving producer margins lower, the chief executive of Alumina Ltd. (AWC, AWC.AU) said Thursday. Shares of the Australian company fell 4.2% to $4.57.

Employees of flat-panel maker LG Display Co. (LPL, 034220.SE) are being investigated for alleged infringement of rival Samsung Mobile Display's ultra-thin technology, South Korean prosecutors said Thursday. Shares of LG Display Co. tumbled 6.1% to $10.48.

The Latin American index ended down 0.9% to 349.98.

Latin America's biggest steelmaker, Gerdau SA (GGB, GGBR3.BR, GGBR4.BR), reported net profit of 397 million Brazilian reais ($206.77 million) for the first quarter, 3% less than the BRL409 million posted in the first quarter of 2011, as costs rose and the impact of deindustrialization was felt in Brazil. Shares of Gerdau lost 2.5% to $9.13.

-By Corrie Driebusch, Dow Jones Newswires; 212-416-2143; corrie.driebusch@dowjones.com

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Latest news on RANDGOLD RESOURCES LIMITED
08/22 Weaker commodity-related stocks push FTSE to two-week low
08/15 RANDGOLD RESOURCES : *jpm raises randgold resources price target to 7850 pence -..
08/10 RANDGOLD RESOURCES : *panmure raises randgold resources price target to 6892 pen..
08/05 RANDGOLD RESOURCES : *deutsche bank raises randgold resources target to 7370 pen..
08/04 RANDGOLD RESOURCES : Strong gold price could hike Randgold dividend by year-end
08/04DJRandgold Net Profit Falls; Eyes Dividend Boost --2nd Update
08/04 FTSE rallies after BoE decision, Hikma sinks
08/04 RANDGOLD RESOURCES : Shares Dive As Results Are Marred By Technical Issues
08/04 RANDGOLD RESOURCES : posts 2Q profit
08/04 TOP NEWS : Randgold Interim Profit Soars On Higher Gold Sales And Price
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Financials ($)
Sales 2016 1 235 M
EBIT 2016 416 M
Net income 2016 278 M
Finance 2016 204 M
Yield 2016 0,72%
P/E ratio 2016 34,29
P/E ratio 2017 26,15
EV / Sales 2016 7,48x
EV / Sales 2017 6,60x
Capitalization 9 440 M
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Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 114 $
Spread / Average Target 13%
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Managers
NameTitle
Dennis Mark Bristow Chief Executive Officer & Executive Director
Christopher L. Coleman Non-Executive Chairman
Graham P. Shuttleworth CFO, Executive Director & Finance Director
Norborne P. Cole Senior Independent Non-Executive Director
Kadri Dagdelen Independent Non-Executive Director
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Sector and Competitors
1st jan.Capitalization (M$)
RANDGOLD RESOURCES LIM..83.92%9 405
GOLDCORP INC.24.70%13 675
FRANCO NEVADA CORP45.62%12 838
ZIJIN MINING GROUP CO...-3.13%10 149
GOLD FIELDS LIMITED95.91%4 859
SIBANYE GOLD LTD171.51%4 246
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