Randgold Resources (GOLD) Shares Bought by Twin Tree Management LP

Twin Tree Management LP boosted its position in shares of Randgold Resources (NASDAQ:GOLD) by 1,903.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,622 shares of the basic materials company’s stock after buying an additional 12,942 shares during the period. Twin Tree Management LP’s holdings in Randgold Resources were worth $1,134,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its stake in shares of Randgold Resources by 17.1% in the fourth quarter. Renaissance Technologies LLC now owns 582,600 shares of the basic materials company’s stock valued at $57,613,000 after buying an additional 85,200 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Randgold Resources by 0.7% in the first quarter. Wells Fargo & Company MN now owns 540,220 shares of the basic materials company’s stock valued at $44,968,000 after buying an additional 3,597 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Randgold Resources by 308.2% in the fourth quarter. Deutsche Bank AG now owns 453,699 shares of the basic materials company’s stock valued at $44,866,000 after buying an additional 342,549 shares in the last quarter. Alps Advisors Inc. boosted its stake in shares of Randgold Resources by 3.7% in the fourth quarter. Alps Advisors Inc. now owns 322,817 shares of the basic materials company’s stock valued at $31,923,000 after buying an additional 11,599 shares in the last quarter. Finally, Prince Street Capital Management LLC boosted its stake in shares of Randgold Resources by 17.8% in the fourth quarter. Prince Street Capital Management LLC now owns 298,700 shares of the basic materials company’s stock valued at $29,538,000 after buying an additional 45,200 shares in the last quarter. 35.10% of the stock is currently owned by institutional investors.

GOLD traded up $0.28 during trading on Friday, reaching $78.36. 1,314 shares of the stock were exchanged, compared to its average volume of 605,861. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 26.74 and a beta of 0.13. Randgold Resources has a 1 year low of $77.58 and a 1 year high of $78.32.

Randgold Resources (NASDAQ:GOLD) last posted its earnings results on Thursday, May 10th. The basic materials company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.08). The firm had revenue of $273.28 million for the quarter. Randgold Resources had a return on equity of 6.72% and a net margin of 21.49%. equities analysts anticipate that Randgold Resources will post 3.65 EPS for the current fiscal year.

A number of analysts recently weighed in on GOLD shares. JPMorgan Chase decreased their price target on Randgold Resources from $103.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 12th. Royal Bank of Canada downgraded Randgold Resources from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, April 4th. TheStreet downgraded Randgold Resources from a “b” rating to a “c+” rating in a research note on Tuesday. Zacks Investment Research upgraded Randgold Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, BidaskClub upgraded Randgold Resources from a “strong sell” rating to a “sell” rating in a research note on Saturday, March 24th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $104.00.

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

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