Randgold Resources Limited (GOLD) Stake Boosted by US Bancorp DE

US Bancorp DE boosted its position in Randgold Resources Limited (NASDAQ:GOLD) by 7.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,943 shares of the basic materials company’s stock after buying an additional 201 shares during the period. US Bancorp DE’s holdings in Randgold Resources Limited were worth $257,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale raised its position in shares of Randgold Resources Limited by 10.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,331 shares of the basic materials company’s stock valued at $115,000 after buying an additional 131 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Randgold Resources Limited by 428.5% in the first quarter. Quadrant Capital Group LLC now owns 1,744 shares of the basic materials company’s stock valued at $146,000 after buying an additional 1,414 shares during the last quarter. Elkfork Partners LLC bought a new position in shares of Randgold Resources Limited during the fourth quarter valued at $113,000. Capstone Asset Management Co. raised its position in shares of Randgold Resources Limited by 17.6% in the first quarter. Capstone Asset Management Co. now owns 14,204 shares of the basic materials company’s stock valued at $1,240,000 after buying an additional 2,130 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its position in shares of Randgold Resources Limited by 8.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 32,170 shares of the basic materials company’s stock valued at $2,456,000 after buying an additional 2,514 shares during the last quarter. Institutional investors and hedge funds own 36.52% of the company’s stock.

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

Shares of Randgold Resources Limited (NASDAQ:GOLD) opened at 90.94 on Friday. The stock has a 50 day moving average of $92.67 and a 200 day moving average of $86.61. Randgold Resources Limited has a 52-week low of $67.54 and a 52-week high of $126.55. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 32.82 and a beta of 0.14.

Randgold Resources Limited (NASDAQ:GOLD) last announced its quarterly earnings data on Thursday, May 4th. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The company had revenue of $316.71 million for the quarter. Randgold Resources Limited had a net margin of 21.04% and a return on equity of 7.10%. On average, analysts predict that Randgold Resources Limited will post $3.40 EPS for the current fiscal year.

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GOLD has been the topic of several recent analyst reports. Royal Bank Of Canada lowered shares of Randgold Resources Limited from a “sector perform” rating to an “underperform” rating and set a $59.00 target price on the stock. in a research report on Wednesday, March 8th. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) lowered shares of Randgold Resources Limited to a “hold” rating in a research report on Saturday, March 11th. Deutsche Bank AG lowered shares of Randgold Resources Limited from a “buy” rating to a “hold” rating in a research report on Friday, March 17th. Scotiabank lowered their target price on shares of Randgold Resources Limited to $136.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 30th. Finally, CIBC upgraded shares of Randgold Resources Limited from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $102.00.

About Randgold Resources Limited

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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