Schroder Investment Management Group cut its stake in Randgold Resources Ltd. (NASDAQ:GOLD) by 9.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,394 shares of the basic materials company’s stock after selling 11,725 shares during the period. Schroder Investment Management Group owned 0.12% of Randgold Resources worth $11,068,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its stake in shares of Randgold Resources by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 14,915 shares of the basic materials company’s stock worth $1,319,000 after buying an additional 56 shares during the last quarter. Wetherby Asset Management Inc. raised its stake in shares of Randgold Resources by 2.0% during the second quarter. Wetherby Asset Management Inc. now owns 3,104 shares of the basic materials company’s stock worth $274,000 after buying an additional 62 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Randgold Resources by 11.2% during the second quarter. Quadrant Capital Group LLC now owns 1,939 shares of the basic materials company’s stock worth $162,000 after buying an additional 195 shares during the last quarter. Advisor Group Inc. raised its stake in shares of Randgold Resources by 9.7% during the second quarter. Advisor Group Inc. now owns 2,815 shares of the basic materials company’s stock worth $248,000 after buying an additional 250 shares during the last quarter. Finally, Acrospire Investment Management LLC raised its stake in shares of Randgold Resources by 40.0% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the basic materials company’s stock worth $124,000 after buying an additional 400 shares during the last quarter. 35.18% of the stock is owned by institutional investors.

Shares of Randgold Resources Ltd. (NASDAQ:GOLD) opened at $90.42 on Friday. Randgold Resources Ltd. has a 12 month low of $67.54 and a 12 month high of $108.29. The company has a market cap of $8,505.69, a P/E ratio of 30.65 and a beta of -0.11.

A number of research firms recently weighed in on GOLD. BidaskClub downgraded shares of Randgold Resources from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research raised shares of Randgold Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Citigroup raised shares of Randgold Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday. Royal Bank Of Canada raised shares of Randgold Resources to a “sector perform” rating in a research note on Monday. They noted that the move was a valuation call. Finally, HC Wainwright reissued a “buy” rating on shares of Randgold Resources in a research note on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $84.90.

TRADEMARK VIOLATION NOTICE: This article was posted by Watch List News and is the property of of Watch List News. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://www.watchlistnews.com/randgold-resources-ltd-gold-shares-sold-by-schroder-investment-management-group/1750979.html.

About Randgold Resources

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).

Want to see what other hedge funds are holding GOLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Randgold Resources Ltd. (NASDAQ:GOLD).

Institutional Ownership by Quarter for Randgold Resources (NASDAQ:GOLD)

Receive News & Ratings for Randgold Resources Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Randgold Resources Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.