World Asset Management Inc cut its stake in shares of Randgold Resources Limited (NASDAQ:GOLD) by 5.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,537 shares of the basic materials company’s stock after selling 305 shares during the period. World Asset Management Inc’s holdings in Randgold Resources Limited were worth $490,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of 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 increased its stake in shares of 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 in the last quarter. Credit Agricole S A increased its stake in shares of 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 in the last quarter. Karp Capital Management Corp purchased a new stake in shares of Randgold Resources Limited during the first quarter valued at approximately $13,149,000. Finally, Barings LLC increased its stake in shares of 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 in the last quarter. Institutional investors own 36.41% of the company’s stock.

Randgold Resources Limited (NASDAQ:GOLD) opened at 96.93 on Friday. The firm’s 50-day moving average is $90.62 and its 200-day moving average is $90.43. Randgold Resources Limited has a 52-week low of $67.54 and a 52-week high of $111.80. The firm has a market capitalization of $9.12 billion, a P/E ratio of 30.87 and a beta of 0.08.

Randgold Resources Limited (NASDAQ:GOLD) last released its earnings results on Friday, August 4th. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.14. Randgold Resources Limited had a return on equity of 7.89% and a net margin of 22.75%. The firm had revenue of $336.79 million for the quarter. On average, equities analysts expect that Randgold Resources Limited will post $3.26 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Randgold Resources Limited (GOLD) Position Lowered by World Asset Management Inc” was originally posted by Daily Political and is the property of of Daily Political. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/08/11/randgold-resources-limited-gold-position-lowered-by-world-asset-management-inc.html.

GOLD has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Randgold Resources Limited from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research note on Wednesday, July 5th. Scotiabank boosted their target price on shares of 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. CIBC upgraded shares of Randgold Resources Limited from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, May 5th. J P Morgan Chase & Co restated an “overweight” rating and issued a $107.00 target price (up previously from $105.00) on shares of Randgold Resources Limited in a research note on Monday, June 5th. Finally, BidaskClub downgraded shares of Randgold Resources Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Randgold Resources Limited currently has an average rating of “Hold” and an average target price 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).

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 Limited (NASDAQ:GOLD).

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

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