Crossmark Global Holdings Inc. trimmed its holdings in shares of Randgold Resources Ltd. (NASDAQ:GOLD) by 17.0% in the fourth quarter, Holdings Channel reports. The firm owned 13,414 shares of the basic materials company’s stock after selling 2,757 shares during the period. Crossmark Global Holdings Inc.’s holdings in Randgold Resources were worth $1,097,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of GOLD. Signaturefd LLC lifted its stake in Randgold Resources by 97.1% during the third quarter. Signaturefd LLC now owns 1,516 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 747 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in Randgold Resources by 29.9% during the third quarter. Cornerstone Wealth Management LLC now owns 18,230 shares of the basic materials company’s stock worth $185,000 after purchasing an additional 4,198 shares during the last quarter. FNY Investment Advisers LLC lifted its stake in Randgold Resources by 145.8% during the fourth quarter. FNY Investment Advisers LLC now owns 14,747 shares of the basic materials company’s stock worth $199,000 after purchasing an additional 8,747 shares during the last quarter. Reilly Financial Advisors LLC purchased a new stake in Randgold Resources during the fourth quarter worth approximately $199,000. Finally, Pennsylvania Trust Co purchased a new stake in Randgold Resources during the fourth quarter worth approximately $200,000. 39.71% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently weighed in on GOLD. Macquarie upgraded Randgold Resources from a “neutral” rating to an “outperform” rating in a research note on Monday, January 28th. Raymond James set a $17.00 target price on Randgold Resources and gave the stock a “market perform” rating in a research note on Wednesday, January 23rd. Zacks Investment Research upgraded Randgold Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Barclays began coverage on Randgold Resources in a research note on Wednesday, January 9th. They set an “overweight” rating for the company. Finally, TheStreet upgraded Randgold Resources from a “c+” rating to a “b-” rating in a research note on Monday, December 31st. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $69.50.
GOLD opened at $13.62 on Monday. The company has a market cap of $15.90 billion, a price-to-earnings ratio of 4.66 and a beta of -0.23. Randgold Resources Ltd. has a 52 week low of $9.53 and a 52 week high of $14.18.
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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