Advisory Services Network LLC lowered its stake in Randgold Resources Ltd. (NASDAQ:GOLD) by 10.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,000 shares of the company’s stock after selling 120 shares during the period. Advisory Services Network LLC’s holdings in Randgold Resources were worth $112,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Checchi Capital Advisers LLC boosted its stake in shares of Randgold Resources by 4.7% in the second quarter. Checchi Capital Advisers LLC now owns 1,004 shares of the company’s stock valued at $112,000 after buying an additional 45 shares during the last quarter. Cypress Wealth Advisors LLC purchased a new stake in shares of Randgold Resources during the first quarter valued at approximately $204,000. Reynolds Capital Management LLC purchased a new stake in shares of Randgold Resources during the first quarter valued at approximately $245,000. Bremer Trust National Association purchased a new stake in shares of Randgold Resources during the second quarter valued at approximately $334,000. Finally, BB&T Securities LLC purchased a new stake in shares of Randgold Resources during the first quarter valued at approximately $352,000. 42.81% of the stock is currently owned by hedge funds and other institutional investors.
Randgold Resources Ltd. (NASDAQ:GOLD) traded up 1.00% during trading on Wednesday, hitting $84.73. 827,336 shares of the stock traded hands. Randgold Resources Ltd. has a one year low of $58.77 and a one year high of $126.55. The company’s 50 day moving average is $97.69 and its 200 day moving average is $99.74. The company has a market capitalization of $7.94 billion, a P/E ratio of 41.92 and a beta of 0.39.
Several research firms have issued reports on GOLD. Deutsche Bank AG reaffirmed a “hold” rating on shares of Randgold Resources in a report on Monday, July 11th. Zacks Investment Research raised Randgold Resources from a “hold” rating to a “strong-buy” rating and set a $136.00 price target on the stock in a report on Tuesday, July 12th. Jefferies Group raised Randgold Resources from a “hold” rating to a “buy” rating in a report on Thursday, July 14th. Scotiabank cut Randgold Resources from a “sector perform” rating to an “underperform” rating in a report on Wednesday, July 13th. Finally, Goldman Sachs Group Inc. raised Randgold Resources from a “neutral” rating to a “buy” rating in a report on Monday, June 27th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. Randgold Resources presently has an average rating of “Hold” and a consensus price target of $101.00.
About Randgold Resources
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.