Randgold Resources Limited (NASDAQ:GOLD) Shares Bought by Creative Planning
Creative Planning raised its stake in Randgold Resources Limited (NASDAQ:GOLD) by 41.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,540 shares of the basic materials company’s stock after buying an additional 450 shares during the period. Creative Planning’s holdings in Randgold Resources Limited were worth $136,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in 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 valued at $115,000 after buying an additional 131 shares in the last quarter. Pennsylvania Trust Co acquired a new stake in shares of Randgold Resources Limited during the second quarter valued at about $212,000. Paloma Partners Management Co acquired a new stake in shares of Randgold Resources Limited during the first quarter valued at about $226,000. ING Groep NV acquired a new stake in shares of Randgold Resources Limited during the first quarter valued at about $236,000. Finally, US Bancorp DE increased its stake in shares of Randgold Resources Limited by 7.3% in the first quarter. US Bancorp DE now owns 2,943 shares of the basic materials company’s stock valued at $257,000 after buying an additional 201 shares in the last quarter. 36.41% of the stock is owned by hedge funds and other institutional investors.
Randgold Resources Limited (NASDAQ GOLD) traded up 1.04% during midday trading on Friday, hitting $97.94. The stock had a trading volume of 580,371 shares. Randgold Resources Limited has a 52 week low of $67.54 and a 52 week high of $111.80.
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, topping the 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 business had revenue of $336.79 million for the quarter. Equities analysts predict that Randgold Resources Limited will post $3.30 EPS for the current year.
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Several brokerages recently issued reports on GOLD. BidaskClub downgraded Randgold Resources Limited from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. J P Morgan Chase & Co reissued 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. Scotiabank increased their price objective on Randgold Resources Limited from $102.00 to $141.00 and gave the stock a “sector perform” rating in a research note on Friday, May 5th. Finally, HSBC Holdings plc reissued 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 company’s stock. The company currently has a consensus rating of “Hold” and a consensus 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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