BNP Paribas Arbitrage SA reduced its holdings in Randgold Resources Limited (NASDAQ:GOLD) by 54.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,539 shares of the basic materials company’s stock after selling 7,772 shares during the period. BNP Paribas Arbitrage SA’s holdings in Randgold Resources Limited were worth $578,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GOLD. BlackRock Inc. increased its position in Randgold Resources Limited by 1,868.2% in the 1st quarter. BlackRock Inc. now owns 8,661,383 shares of the basic materials company’s stock worth $755,966,000 after buying an additional 8,221,311 shares during the period. Van ECK Associates Corp increased its position in Randgold Resources Limited by 5.4% in the 1st quarter. Van ECK Associates Corp now owns 6,959,189 shares of the basic materials company’s stock worth $607,398,000 after buying an additional 354,789 shares during the period. Credit Agricole S A increased its position in Randgold Resources Limited by 166.9% in the 1st quarter. Credit Agricole S A now owns 290,885 shares of the basic materials company’s stock worth $25,388,000 after buying an additional 181,900 shares during the period. Gabelli Funds LLC increased its position in Randgold Resources Limited by 16.2% in the 2nd quarter. Gabelli Funds LLC now owns 915,800 shares of the basic materials company’s stock worth $81,012,000 after buying an additional 127,500 shares during the period. Finally, LMR Partners LLP bought a new position in Randgold Resources Limited in the 2nd quarter worth approximately $8,849,000. 35.56% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/09/13/randgold-resources-limited-gold-holdings-reduced-by-bnp-paribas-arbitrage-sa.html.

Several research analysts have commented on GOLD shares. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $107.00 price target (up from $105.00) on shares of Randgold Resources Limited in a research report on Monday, June 5th. BidaskClub downgraded Randgold Resources Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research raised Randgold Resources Limited from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Wednesday, July 5th. Finally, HSBC Holdings plc reaffirmed a “hold” rating on shares of Randgold Resources Limited in a research report on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $101.25.

Shares of Randgold Resources Limited (NASDAQ:GOLD) opened at 103.36 on Wednesday. The firm has a market cap of $9.72 billion, a price-to-earnings ratio of 32.92 and a beta of 0.02. Randgold Resources Limited has a one year low of $67.54 and a one year high of $108.29. The stock’s 50 day moving average price is $97.16 and its 200 day moving average price is $92.10.

Randgold Resources Limited (NASDAQ:GOLD) last announced its earnings results on Friday, August 4th. The basic materials company reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.14. The company had revenue of $336.79 million for the quarter. Randgold Resources Limited had a return on equity of 7.89% and a net margin of 22.75%. On average, equities analysts anticipate that Randgold Resources Limited will post $3.30 earnings per share for the current fiscal year.

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.