Checchi Capital Advisers LLC increased its position in Randgold Resources Ltd. (NASDAQ:GOLD) by 4.7% during the second quarter, Holdings Channel reports. The firm owned 1,004 shares of the company’s stock after buying an additional 45 shares during the period. Checchi Capital Advisers LLC’s holdings in Randgold Resources were worth $112,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in Randgold Resources during the first quarter valued at $501,000. Aperio Group LLC raised its stake in Randgold Resources by 14.3% in the first quarter. Aperio Group LLC now owns 323,982 shares of the company’s stock valued at $29,421,000 after buying an additional 40,571 shares during the last quarter. GRATRY & Co LLC acquired a new stake in Randgold Resources during the first quarter valued at $2,063,000. BlackRock Inc. raised its stake in Randgold Resources by 0.4% in the first quarter. BlackRock Inc. now owns 423,602 shares of the company’s stock valued at $38,467,000 after buying an additional 1,735 shares during the last quarter. Finally, BlackRock Fund Advisors raised its stake in Randgold Resources by 160.8% in the first quarter. BlackRock Fund Advisors now owns 14,905 shares of the company’s stock valued at $1,354,000 after buying an additional 9,190 shares during the last quarter. Institutional investors and hedge funds own 42.07% of the company’s stock.

Shares of Randgold Resources Ltd. (NASDAQ:GOLD) traded down 0.60% during midday trading on Friday, reaching $96.48. 963,039 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $106.84 and a 200-day moving average of $98.95. Randgold Resources Ltd. has a 1-year low of $56.57 and a 1-year high of $126.55. The company has a market capitalization of $9.04 billion, a PE ratio of 47.74 and a beta of 0.47.

Several analysts have weighed in on the stock. Deutsche Bank AG reiterated a “hold” rating on shares of Randgold Resources in a research note on Wednesday, August 10th. Berenberg Bank assumed coverage on shares of Randgold Resources in a research note on Wednesday, September 7th. They set a “hold” rating for the company. Scotiabank lowered shares of Randgold Resources from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, July 13th. Zacks Investment Research upgraded shares of Randgold Resources from a “hold” rating to a “strong-buy” rating and set a $136.00 target price for the company in a research note on Tuesday, July 12th. Finally, Investec reiterated a “buy” rating on shares of Randgold Resources in a research note on Tuesday, July 19th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $136.00.

About Randgold Resources

Randgold Resources Limited is engaged in the gold mining, exploration and related activities. The Company’s activities are focused on West and Central Africa. The Company operates through the gold mining segment. The Company operates mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company holds Morila Limited, which holds interests in the Morila mine in Mali.

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