Assetmark Inc. acquired a new stake in Randgold Resources Ltd. (NASDAQ:GOLD) during the third quarter, according to its most recent disclosure with the SEC. The firm acquired 32,150 shares of the company’s stock, valued at approximately $3,217,000.
A number of other institutional investors have also recently modified their holdings of GOLD. LPL Financial LLC increased its position in Randgold Resources by 7.0% in the first quarter. LPL Financial LLC now owns 15,242 shares of the company’s stock valued at $1,372,000 after buying an additional 1,002 shares during the last quarter. Euclid Advisors LLC bought a new position in Randgold Resources during the first quarter valued at $4,808,000. BNP Paribas Arbitrage SA increased its position in Randgold Resources by 32.3% in the second quarter. BNP Paribas Arbitrage SA now owns 4,615 shares of the company’s stock valued at $517,000 after buying an additional 1,126 shares during the last quarter. Cabot Wealth Management Inc. bought a new position in Randgold Resources during the second quarter valued at $1,946,000. Finally, Acadian Asset Management LLC increased its position in Randgold Resources by 913.3% in the second quarter. Acadian Asset Management LLC now owns 55,902 shares of the company’s stock valued at $6,264,000 after buying an additional 50,385 shares during the last quarter. 39.58% of the stock is owned by hedge funds and other institutional investors.
Randgold Resources Ltd. (NASDAQ:GOLD) opened at 70.92 on Friday. The firm’s 50 day moving average price is $82.95 and its 200-day moving average price is $97.35. The firm has a market cap of $6.64 billion, a PE ratio of 35.09 and a beta of 0.28. Randgold Resources Ltd. has a 52 week low of $59.08 and a 52 week high of $126.55.
Randgold Resources (NASDAQ:GOLD) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by $0.44. Randgold Resources had a net margin of 19.12% and a return on equity of 5.98%. On average, analysts forecast that Randgold Resources Ltd. will post $2.92 EPS for the current year.
Several research firms have weighed in on GOLD. Citigroup Inc. reissued a “sell” rating on shares of Randgold Resources in a research report on Thursday, August 18th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Randgold Resources in a research report on Wednesday, August 10th. Zacks Investment Research downgraded Randgold Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 7th. Scotiabank raised Randgold Resources from a “sector perform” rating to an “outperform” rating in a research report on Monday, November 7th. Finally, BMO Capital Markets raised Randgold Resources from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $101.00.
Randgold Resources Company Profile
Randgold Resources Limited is engaged in the 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 mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company holds Morila Limited, which holds interests in the Morila mine in Mali.