CoreCommodity Management LLC decreased its holdings in Randgold Resources Ltd. (NASDAQ:GOLD) by 86.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,033 shares of the basic materials company’s stock after selling 19,093 shares during the quarter. CoreCommodity Management LLC’s holdings in Randgold Resources were worth $251,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Hsbc Holdings PLC increased its position in Randgold Resources by 27.1% during the 3rd quarter. Hsbc Holdings PLC now owns 55,475 shares of the basic materials company’s stock worth $3,914,000 after purchasing an additional 11,825 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in Randgold Resources by 11.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 16,171 shares of the basic materials company’s stock worth $1,141,000 after acquiring an additional 1,719 shares during the last quarter. Credit Suisse AG grew its holdings in Randgold Resources by 43.2% during the 3rd quarter. Credit Suisse AG now owns 443,807 shares of the basic materials company’s stock worth $31,311,000 after acquiring an additional 133,961 shares during the last quarter. Schroder Investment Management Group grew its holdings in Randgold Resources by 45.4% during the 3rd quarter. Schroder Investment Management Group now owns 186,191 shares of the basic materials company’s stock worth $13,135,000 after acquiring an additional 58,156 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Randgold Resources by 69.1% during the 3rd quarter. Renaissance Technologies LLC now owns 2,028,300 shares of the basic materials company’s stock worth $143,097,000 after acquiring an additional 828,938 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

Randgold Resources stock opened at $13.00 on Friday. Randgold Resources Ltd. has a 12-month low of $9.53 and a 12-month high of $14.18. The firm has a market cap of $15.39 billion, a P/E ratio of 4.45 and a beta of -0.23.

Randgold Resources (NASDAQ:GOLD) last released its earnings results on Wednesday, February 13th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.06. Randgold Resources had a net margin of 21.82% and a return on equity of 6.16%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the company earned $0.22 EPS. Randgold Resources’s quarterly revenue was down 14.5% compared to the same quarter last year. Research analysts expect that Randgold Resources Ltd. will post 2.62 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on the stock. Desjardins raised shares of Randgold Resources from a “hold” rating to a “buy” rating in a report on Wednesday. Raymond James set a $16.00 target price on shares of Randgold Resources and gave the stock a “market perform” rating in a report on Tuesday. HC Wainwright reissued a “buy” rating and set a $5.00 target price on shares of Randgold Resources in a report on Tuesday, March 5th. Deutsche Bank lowered shares of Randgold Resources from a “buy” rating to a “hold” rating and reduced their target price for the stock from $14.00 to $12.75 in a report on Friday, February 15th. Finally, TD Securities lowered shares of Randgold Resources from a “buy” rating to a “hold” rating and reduced their price objective for the company from $16.00 to $15.00 in a research note on Friday, February 15th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $40.47.

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Randgold Resources Company Profile

Randgold Resources Ltd. engages in the exploration and development of gold deposits. Its projects include the following: Loulo-Gounkoto complex, Morila gold mine, Tongon gold mine, Kibali gold mine, and Massawa. The company was founded in August 1995 and is headquartered in St. Helier, the United Kingdom.

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

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