OLD Mission Capital LLC acquired a new stake in shares of Randgold Resources Ltd. (NASDAQ:GOLD) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 27,643 shares of the basic materials company’s stock, valued at approximately $2,734,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. FNY Managed Accounts LLC bought a new position in Randgold Resources in the 3rd quarter worth about $152,000. Advisory Services Network LLC increased its stake in Randgold Resources by 60.4% in the 4th quarter. Advisory Services Network LLC now owns 1,700 shares of the basic materials company’s stock worth $168,000 after acquiring an additional 640 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Randgold Resources by 629.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,188 shares of the basic materials company’s stock worth $315,000 after purchasing an additional 2,751 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Randgold Resources by 24.6% in the 4th quarter. SG Americas Securities LLC now owns 3,385 shares of the basic materials company’s stock worth $335,000 after purchasing an additional 668 shares in the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of Randgold Resources in the 4th quarter worth about $371,000. Institutional investors and hedge funds own 35.36% of the company’s stock.
A number of research firms have recently issued reports on GOLD. Canaccord Genuity upgraded Randgold Resources from a “hold” rating to a “buy” rating in a report on Tuesday. HC Wainwright reiterated a “buy” rating on shares of Randgold Resources in a report on Wednesday, November 22nd. BidaskClub cut Randgold Resources from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Scotiabank set a $101.00 price objective on Randgold Resources and gave the stock a “hold” rating in a report on Monday, February 5th. Finally, Numis Securities cut Randgold Resources from a “buy” rating to an “add” rating in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. Randgold Resources has a consensus rating of “Hold” and a consensus target price of $79.88.
Randgold Resources Ltd. (NASDAQ:GOLD) opened at $84.37 on Wednesday. Randgold Resources Ltd. has a fifty-two week low of $79.17 and a fifty-two week high of $108.29. The stock has a market capitalization of $7,883.52, a PE ratio of 28.72 and a beta of 0.17.
Randgold Resources (NASDAQ:GOLD) last issued its earnings results on Monday, February 5th. The basic materials company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.05). The company had revenue of $328.62 million for the quarter. Randgold Resources had a net margin of 21.72% and a return on equity of 7.13%. analysts expect that Randgold Resources Ltd. will post 3.77 EPS for the current year.
The business also recently announced a None dividend, which will be paid on Friday, May 18th. Investors of record on Friday, March 23rd will be issued a dividend of $1.98 per share. This represents a yield of 0.0233518103549947%. The ex-dividend date is Thursday, March 22nd. Randgold Resources’s dividend payout ratio is presently 33.68%.
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Randgold Resources 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).
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