Research Desk Line-up: Gold Fields Post Earnings Coverage
LONDON, UK / ACCESSWIRE / August 24, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Randgold Resources Ltd (NASDAQ: GOLD) ("Randgold"), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=GOLD, following the Company's disclosure of its second quarter fiscal 2017 (Q2 FY17) earnings on August 03, 2017. The Channel Islands, Jersey-based Company's diluted earnings per share (EPS) grew on a year-over-year basis, outpacing market consensus estimates. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:
Get more of our free earnings reports coverage from other constituents of the Gold industry. Pro-TD has currently selected Gold Fields Limited (NYSE: GFI) for due-diligence and potential coverage as the Company announced on August 17, 2017, its financial results for the six months which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Gold Fields when we publish it.
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on GOLD; also brushing on GFI. With the links below you can directly download the report of your stock of interest free of charge at:
During Q2 FY17, Randgold reported total revenue of $336.79 million compared to $276.84 million in Q2 FY16. During the reported quarter, the Company generated $7.53 million from other income, rising from $2.27 million in the previous year's comparable period.
The gold miner's total comprehensive income grew to $84.02 million, or $0.88 per diluted share, in Q2 FY17 from $50.05 million, or $0.52 per diluted share, in the prior year's same quarter. Moreover, Wall Street had expected the Company to report total comprehensive income of $0.76 per diluted share.
For Q2 FY17, the Company's mining and processing costs were $161.12 million compared to $176.92 million in Q2 FY16. The Company spent $17.37 million on royalties in Q2 FY17 versus $14.73 million in the previous year's comparable period. Meanwhile, total costs for the reported quarter stood at $191.31 million in Q2 FY17 compared to $204.70 million in the prior year's corresponding period.
The Company's Gold production volume was 341,316 ounces in Q2 FY17 compared to 281,494 ounces in the previous year's same quarter. Additionally, the group's Gold sales volume was 336,516 oz in Q2 FY17 compared to 280,519 oz in Q2 FY16. The group's total cash cost per ounce was $572/oz during Q2 FY17 which was lower than $727/oz in Q2 FY16. The group's cash operating cost per ounce for the reported quarter was $508/oz compared to $661/oz in the last year's same quarter. Furthermore, the average gold price received during the quarter was $1,254/oz compared to $1,264/oz in Q2 FY16.
Cash Flow and Balance Sheet
In the three months ended June 30, 2017, net cash generated by operating activities stood at $132.35 million compared to $101.48 million in Q2 FY16. As on June 30, 2017, cash and equivalents, balances stood at $572.84 million compared to $272.69 million as on June 30, 2017.
On Wednesday, August 23, 2017, the stock closed the trading session at $97.14, marginally up 0.29% from its previous closing price of $96.86. A total volume of 457.95 thousand shares have exchanged hands. Randgold Resources' stock price advanced 7.92% in the last one month, 4.12% in the past three months, and 2.59% in the previous six months. Furthermore, since the start of the year, shares of the Company have surged 27.25%. The stock is trading at a PE ratio of 31.00 and has a dividend yield of 1.03%. At Wednesday's closing price, the stock's net capitalization stands at $9.10 billion.
Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: (917) 341.4653
Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Pro-Trader Daily