Tower Research Capital LLC TRC decreased its holdings in shares of Randgold Resources Limited (NASDAQ:GOLD) by 51.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,465 shares of the basic materials company’s stock after selling 1,566 shares during the period. Tower Research Capital LLC TRC’s holdings in Randgold Resources Limited were worth $130,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. The Manufacturers Life Insurance Company increased its position in Randgold Resources Limited by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,915 shares of the basic materials company’s stock valued at $1,319,000 after purchasing an additional 56 shares during the period. BlueCrest Capital Management Ltd purchased a new position in Randgold Resources Limited during the 2nd quarter valued at about $901,000. Capital World Investors increased its position in Randgold Resources Limited by 102.9% during the 2nd quarter. Capital World Investors now owns 1,007,000 shares of the basic materials company’s stock valued at $89,079,000 after purchasing an additional 510,800 shares during the period. Renaissance Technologies LLC increased its position in Randgold Resources Limited by 218.0% during the 2nd quarter. Renaissance Technologies LLC now owns 326,600 shares of the basic materials company’s stock valued at $28,891,000 after purchasing an additional 223,900 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in Randgold Resources Limited by 9.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 139,313 shares of the basic materials company’s stock valued at $12,324,000 after purchasing an additional 12,215 shares during the period. 35.65% of the stock is currently owned by institutional investors and hedge funds.
WARNING: “Tower Research Capital LLC TRC Cuts Holdings in Randgold Resources Limited (GOLD)” was published by Markets Daily and is the sole property of of Markets Daily. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.themarketsdaily.com/2017/10/13/tower-research-capital-llc-trc-cuts-holdings-in-randgold-resources-limited-gold.html.
A number of research analysts have commented on GOLD shares. Zacks Investment Research raised shares of Randgold Resources Limited from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research report on Wednesday, September 20th. BidaskClub downgraded shares of Randgold Resources Limited from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, HSBC Holdings plc reaffirmed a “hold” rating on shares of Randgold Resources Limited in a research report on Friday, July 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Randgold Resources Limited presently has a consensus rating of “Hold” and an average price target of $105.00.
Shares of Randgold Resources Limited (NASDAQ:GOLD) traded up 1.58% on Friday, hitting $100.59. 116,028 shares of the stock were exchanged. The stock has a market cap of $9.46 billion, a PE ratio of 32.04 and a beta of -0.05. Randgold Resources Limited has a 52-week low of $67.54 and a 52-week high of $108.29. The company’s 50 day moving average is $100.62 and its 200-day moving average is $93.83.
Randgold Resources Limited (NASDAQ:GOLD) last announced its quarterly earnings results on Friday, August 4th. The basic materials company reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.14. The company had revenue of $336.79 million for the quarter. Randgold Resources Limited had a net margin of 22.75% and a return on equity of 7.89%. Analysts predict that Randgold Resources Limited will post $3.30 EPS for the current fiscal year.
About Randgold Resources Limited
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).
Want to see what other hedge funds are holding GOLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Randgold Resources Limited (NASDAQ:GOLD).
Receive News & Ratings for Randgold Resources Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Randgold Resources Limited and related companies with MarketBeat.com's FREE daily email newsletter.