Randgold Resources Limited (GOLD) Position Reduced by Gabelli Funds LLC
Gabelli Funds LLC lessened its holdings in Randgold Resources Limited (NASDAQ:GOLD) by 12.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 797,800 shares of the basic materials company’s stock after selling 118,000 shares during the quarter. Gabelli Funds LLC owned approximately 0.85% of Randgold Resources Limited worth $77,913,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Howe & Rusling Inc. acquired a new position in Randgold Resources Limited in the third quarter valued at $137,000. Federated Investors Inc. PA acquired a new position in Randgold Resources Limited in the second quarter valued at $7,745,000. Ameriprise Financial Inc. boosted its stake in Randgold Resources Limited by 15.8% in the first quarter. Ameriprise Financial Inc. now owns 5,250 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 716 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Randgold Resources Limited by 145.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 3,268 shares of the basic materials company’s stock valued at $287,000 after acquiring an additional 1,937 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Randgold Resources Limited by 7.8% in the second quarter. BlackRock Inc. now owns 9,333,067 shares of the basic materials company’s stock valued at $825,605,000 after acquiring an additional 671,684 shares in the last quarter. 35.67% of the stock is currently owned by hedge funds and other institutional investors.
GOLD has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Randgold Resources Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. BidaskClub upgraded shares of Randgold Resources Limited from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Investec upgraded shares of Randgold Resources Limited from a “hold” rating to a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $105.00.
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Shares of Randgold Resources Limited (NASDAQ GOLD) traded up $1.18 on Monday, hitting $92.44. 236,482 shares of the stock traded hands, compared to its average volume of 450,865. The firm has a market cap of $8,584.71, a price-to-earnings ratio of 30.94 and a beta of -0.07.
Randgold Resources Limited (NASDAQ:GOLD) last released its quarterly earnings results on Friday, August 4th. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.14. Randgold Resources Limited had a net margin of 21.49% and a return on equity of 7.32%. The firm had revenue of $336.79 million for the quarter. equities analysts forecast that Randgold Resources Limited will post 3.23 EPS for the current year.
Randgold Resources Limited Company Profile
Randgold Resources Limited is engaged in 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 various mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company is exploring in African countries, such as Mali, Senegal, Cote d’Ivoire and the Democratic Republic of Congo (DRC).
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