The Manufacturers Life Insurance Company lessened its stake in Randgold Resources Ltd. (NASDAQ:GOLD) by 4.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,235 shares of the basic materials company’s stock after selling 664 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Randgold Resources were worth $1,408,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of GOLD. CI Investments Inc. increased its holdings in Randgold Resources by 498.0% in the 4th quarter. CI Investments Inc. now owns 132,810 shares of the basic materials company’s stock worth $13,134,000 after acquiring an additional 110,600 shares in the last quarter. APG Asset Management N.V. purchased a new stake in Randgold Resources in the 4th quarter worth $8,416,000. LMR Partners LLP purchased a new stake in Randgold Resources in the 4th quarter worth $4,004,000. JPMorgan Chase & Co. increased its holdings in Randgold Resources by 36.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 100,107 shares of the basic materials company’s stock worth $9,858,000 after acquiring an additional 26,899 shares in the last quarter. Finally, State of Tennessee Treasury Department purchased a new stake in Randgold Resources in the 3rd quarter worth $1,903,000. 35.36% of the stock is owned by institutional investors.
Several equities research analysts recently commented on GOLD shares. HC Wainwright reissued a “buy” rating on shares of Randgold Resources in a report on Wednesday, November 22nd. Zacks Investment Research lowered shares of Randgold Resources from a “hold” rating to a “sell” rating in a report on Monday, February 12th. BidaskClub lowered shares of Randgold Resources from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. JPMorgan Chase & Co. cut their price target on shares of Randgold Resources from $103.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, February 12th. Finally, Royal Bank of Canada raised shares of Randgold Resources to a “sector perform” rating in a report on Monday, December 4th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $79.88.
Shares of Randgold Resources Ltd. (GOLD) opened at $83.24 on Friday. Randgold Resources Ltd. has a 1-year low of $79.17 and a 1-year high of $108.29. The stock has a market cap of $7,826.91, a price-to-earnings ratio of 28.51 and a beta of 0.17.
Randgold Resources (NASDAQ:GOLD) last released its earnings results on Monday, February 5th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.05). Randgold Resources had a return on equity of 7.13% and a net margin of 21.72%. The business had revenue of $328.62 million for the quarter. analysts predict that Randgold Resources Ltd. will post 3.77 earnings per share for the current fiscal year.
The firm also recently announced a None dividend, which will be paid on Friday, May 18th. Stockholders of record on Friday, March 23rd will be issued a dividend of $1.98 per share. This represents a dividend yield of 0.0233518103549947%. The ex-dividend date of this dividend is Thursday, March 22nd. Randgold Resources’s payout ratio is 33.68%.
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Randgold Resources 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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