Raymond James Financial Services Advisors Inc. Takes Position in Randgold Resources Limited (GOLD)

Raymond James Financial Services Advisors Inc. purchased a new stake in Randgold Resources Limited (NASDAQ:GOLD) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,601 shares of the basic materials company’s stock, valued at approximately $314,000.

Several other hedge funds also recently bought and sold shares of GOLD. Essex Investment Management Co. LLC acquired a new stake in Randgold Resources Limited during the first quarter worth about $1,300,000. Renaissance Technologies LLC boosted its stake in Randgold Resources Limited by 601.6% in the fourth quarter. Renaissance Technologies LLC now owns 410,455 shares of the basic materials company’s stock worth $31,334,000 after buying an additional 351,955 shares during the period. Gamco Investors INC. ET AL boosted its stake in Randgold Resources Limited by 8.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 32,170 shares of the basic materials company’s stock worth $2,456,000 after buying an additional 2,514 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Randgold Resources Limited by 35.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 18,739 shares of the basic materials company’s stock worth $1,431,000 after buying an additional 4,858 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Randgold Resources Limited by 13.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,284 shares of the basic materials company’s stock worth $3,429,000 after buying an additional 4,808 shares during the period. Institutional investors and hedge funds own 36.52% of the company’s stock.

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

Randgold Resources Limited (NASDAQ GOLD) opened at 90.25 on Tuesday. The stock has a 50 day moving average of $92.73 and a 200-day moving average of $86.95. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 32.57 and a beta of 0.14. Randgold Resources Limited has a 52-week low of $67.54 and a 52-week high of $126.55.

Randgold Resources Limited (NASDAQ:GOLD) last issued its quarterly earnings results on Thursday, May 4th. The basic materials company reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.02. Randgold Resources Limited had a return on equity of 7.10% and a net margin of 21.04%. The company had revenue of $316.71 million for the quarter. On average, analysts forecast that Randgold Resources Limited will post $3.40 EPS for the current year.

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A number of analysts have issued reports on GOLD shares. Royal Bank Of Canada cut shares of Randgold Resources Limited from a “sector perform” rating to an “underperform” rating and set a $59.00 target price for the company. in a research note on Wednesday, March 8th. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) cut shares of Randgold Resources Limited to a “hold” rating in a research note on Saturday, March 11th. Deutsche Bank AG cut shares of Randgold Resources Limited from a “buy” rating to a “hold” rating in a research note on Friday, March 17th. Scotiabank reduced their target price on shares of Randgold Resources Limited to $136.00 and set a “sector perform” rating for the company in a research note on Thursday, March 30th. Finally, CIBC upgraded shares of Randgold Resources Limited from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, May 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. Randgold Resources Limited has an average rating of “Hold” and a consensus price target of $102.00.

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:GOLD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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