Randgold Resources Ltd. (GOLD) Short Interest Up 734.9% in January

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Randgold Resources Ltd. (NASDAQ:GOLD) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 19,699,434 shares, a growth of 734.9% from the December 31st total of 2,359,626 shares. Based on an average trading volume of 16,589,755 shares, the short-interest ratio is presently 1.2 days.

GOLD has been the subject of a number of research reports. BidaskClub upgraded Randgold Resources from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 25th. Macquarie cut Randgold Resources from an “outperform” rating to a “neutral” rating in a research note on Monday, October 22nd. They noted that the move was a valuation call. Zacks Investment Research cut Randgold Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. ValuEngine upgraded Randgold Resources from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, TheStreet upgraded Randgold Resources from a “c+” rating to a “b-” rating in a research note on Monday, December 31st. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $69.50.

Shares of NASDAQ:GOLD opened at $13.39 on Friday. The firm has a market cap of $15.10 billion, a P/E ratio of 4.59 and a beta of -0.23. Randgold Resources has a 12-month low of $9.53 and a 12-month high of $14.53.

Randgold Resources (NASDAQ:GOLD) last announced its earnings results on Tuesday, November 6th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The business had revenue of $243.57 million during the quarter. Randgold Resources had a return on equity of 6.16% and a net margin of 21.82%. On average, equities research analysts anticipate that Randgold Resources will post 2.62 earnings per share for the current year.

A number of large investors have recently made changes to their positions in GOLD. Renaissance Technologies LLC raised its position 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 purchasing an additional 828,938 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Randgold Resources in the 4th quarter worth about $52,335,000. Capital World Investors raised its position in shares of Randgold Resources by 10.5% in the 3rd quarter. Capital World Investors now owns 3,242,098 shares of the basic materials company’s stock worth $228,730,000 after acquiring an additional 307,000 shares in the last quarter. FMR LLC raised its position in shares of Randgold Resources by 13.5% in the 3rd quarter. FMR LLC now owns 2,238,231 shares of the basic materials company’s stock worth $157,907,000 after acquiring an additional 266,142 shares in the last quarter. Finally, Man Group plc bought a new position in shares of Randgold Resources in the 3rd quarter worth about $13,064,000. 39.71% of the stock is owned by institutional investors and hedge funds.

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About Randgold Resources

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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