Waddell & Reed Financial Inc. trimmed its stake in shares of Randgold Resources Ltd. (NASDAQ:GOLD) by 6.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,917 shares of the basic materials company’s stock after selling 11,400 shares during the period. Waddell & Reed Financial Inc. owned approximately 0.19% of Randgold Resources worth $13,870,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. Cornerstone Wealth Management LLC bought a new stake in Randgold Resources in the second quarter valued at approximately $185,000. Sei Investments Co. increased its stake in Randgold Resources by 27.1% in the first quarter. Sei Investments Co. now owns 2,971 shares of the basic materials company’s stock valued at $247,000 after purchasing an additional 633 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Randgold Resources by 68.2% in the first quarter. Commonwealth Equity Services LLC now owns 3,823 shares of the basic materials company’s stock valued at $318,000 after purchasing an additional 1,550 shares in the last quarter. Trexquant Investment LP bought a new stake in Randgold Resources in the second quarter valued at approximately $442,000. Finally, Quadrature Capital Ltd bought a new stake in Randgold Resources in the first quarter valued at approximately $467,000. Institutional investors own 36.66% of the company’s stock.
Several equities research analysts have commented on the stock. BidaskClub raised shares of Randgold Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th. Clarus Securities reissued a “buy” rating on shares of Randgold Resources in a research report on Friday, August 10th. Zacks Investment Research downgraded shares of Randgold Resources from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine raised shares of Randgold Resources from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Scotiabank set a $98.00 price objective on shares of Randgold Resources and gave the stock a “hold” rating in a research report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $87.00.
GOLD stock traded down $0.83 during trading hours on Friday, reaching $77.33. The stock had a trading volume of 1,520,244 shares, compared to its average volume of 666,433. The stock has a market cap of $6.66 billion, a P/E ratio of 26.48 and a beta of -0.12. Randgold Resources Ltd. has a fifty-two week low of $59.90 and a fifty-two week high of $104.05.
Randgold Resources (NASDAQ:GOLD) last announced its quarterly earnings results on Thursday, August 9th. The basic materials company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). The firm had revenue of $283.66 million during the quarter. Randgold Resources had a net margin of 19.74% and a return on equity of 5.88%. On average, research analysts expect that Randgold Resources Ltd. will post 2.93 EPS for the current fiscal year.
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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