Randgold Resources Limited (GOLD) Shares Bought by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale raised its stake in Randgold Resources Limited (NASDAQ:GOLD) by 145.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,268 shares of the basic materials company’s stock after buying an additional 1,937 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Randgold Resources Limited were worth $287,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in GOLD. BlackRock Inc. boosted its position in Randgold Resources Limited by 1,868.2% in the first quarter. BlackRock Inc. now owns 8,661,383 shares of the basic materials company’s stock valued at $755,966,000 after buying an additional 8,221,311 shares in the last quarter. Van ECK Associates Corp raised its stake in Randgold Resources Limited by 5.4% in the first quarter. Van ECK Associates Corp now owns 6,959,189 shares of the basic materials company’s stock valued at $607,398,000 after buying an additional 354,789 shares during the last quarter. Credit Agricole S A raised its stake in Randgold Resources Limited by 166.9% in the first quarter. Credit Agricole S A now owns 290,885 shares of the basic materials company’s stock valued at $25,388,000 after buying an additional 181,900 shares during the last quarter. Karp Capital Management Corp bought a new stake in Randgold Resources Limited during the first quarter valued at about $13,149,000. Finally, Barings LLC raised its stake in Randgold Resources Limited by 1,219.8% in the first quarter. Barings LLC now owns 98,282 shares of the basic materials company’s stock valued at $8,578,000 after buying an additional 90,835 shares during the last quarter. Hedge funds and other institutional investors own 35.56% of the company’s stock.
Shares of Randgold Resources Limited (NASDAQ:GOLD) opened at 101.95 on Wednesday. Randgold Resources Limited has a 12 month low of $67.54 and a 12 month high of $106.01.
Randgold Resources Limited (NASDAQ:GOLD) last posted its earnings results on Friday, August 4th. The basic materials company reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.14. The business had revenue of $336.79 million for the quarter. Randgold Resources Limited had a net margin of 22.75% and a return on equity of 7.89%. On average, equities research analysts predict that Randgold Resources Limited will post $3.30 earnings per share for the current fiscal year.
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Several equities research analysts have recently issued reports on GOLD shares. Scotiabank raised their price objective on Randgold Resources Limited from $102.00 to $141.00 and gave the company a “sector perform” rating in a research note on Friday, May 5th. BidaskClub lowered Randgold Resources Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $107.00 price objective (up from $105.00) on shares of Randgold Resources Limited in a research note on Monday, June 5th. CIBC raised Randgold Resources Limited from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, May 5th. Finally, HSBC Holdings plc reaffirmed a “hold” rating on shares of Randgold Resources Limited in a research note on Friday, July 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $101.25.
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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