CIBC Asset Management Inc cut its position in shares of Randgold Resources Limited (NASDAQ:GOLD) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,650 shares of the basic materials company’s stock after selling 1,420 shares during the period. CIBC Asset Management Inc’s holdings in Randgold Resources Limited were worth $2,623,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. DekaBank Deutsche Girozentrale increased its stake 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 worth $115,000 after buying an additional 131 shares during the period. Creative Planning increased its stake in shares of Randgold Resources Limited by 41.3% in the second quarter. Creative Planning now owns 1,540 shares of the basic materials company’s stock worth $136,000 after buying an additional 450 shares during the period. Quadrant Capital Group LLC increased its stake 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 worth $146,000 after buying an additional 1,414 shares during the period. Pennsylvania Trust Co bought a new stake in shares of Randgold Resources Limited during the second quarter worth $212,000. Finally, Paloma Partners Management Co bought a new stake in shares of Randgold Resources Limited during the first quarter worth $226,000. 36.41% of the stock is owned by hedge funds and other institutional investors.

Shares of Randgold Resources Limited (NASDAQ:GOLD) opened at 94.17 on Monday. Randgold Resources Limited has a 12 month low of $67.54 and a 12 month high of $120.22. The stock has a market capitalization of $8.86 billion, a PE ratio of 33.98 and a beta of 0.08.

Randgold Resources Limited (NASDAQ:GOLD) last posted its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.14. Randgold Resources Limited had a net margin of 22.75% and a return on equity of 7.95%. The business had revenue of $336.79 million during the quarter. On average, equities analysts expect that Randgold Resources Limited will post $3.15 EPS for the current year.

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A number of equities analysts have recently commented on the stock. BidaskClub raised shares of Randgold Resources Limited from a “sell” rating to a “hold” rating in a report on Thursday. HSBC Holdings plc reaffirmed a “hold” rating on shares of Randgold Resources Limited in a report on Friday, July 7th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $107.00 price objective (up from $105.00) on shares of Randgold Resources Limited in a report on Monday, June 5th. CIBC raised shares of Randgold Resources Limited from a “sector perform” rating to a “sector outperform” rating in a report on Friday, May 5th. Finally, Zacks Investment Research raised shares of Randgold Resources Limited from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Randgold Resources Limited presently has a consensus rating of “Hold” and a consensus price target of $101.25.

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

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