The Manufacturers Life Insurance Company decreased its position in shares of Randgold Resources (NASDAQ:GOLD) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Alps Advisors Inc. lifted its stake in shares of Randgold Resources by 3.7% during the 4th quarter. Alps Advisors Inc. now owns 322,817 shares of the basic materials company’s stock worth $31,923,000 after purchasing an additional 11,599 shares during the last quarter. Aperio Group LLC lifted its stake in shares of Randgold Resources by 7.7% during the 4th quarter. Aperio Group LLC now owns 187,485 shares of the basic materials company’s stock worth $18,540,000 after purchasing an additional 13,368 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Randgold Resources by 9.6% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 151,565 shares of the basic materials company’s stock worth $14,802,000 after purchasing an additional 13,291 shares during the last quarter. CI Investments Inc. lifted its stake in shares of Randgold Resources by 498.0% during the 4th quarter. CI Investments Inc. now owns 132,810 shares of the basic materials company’s stock worth $13,134,000 after purchasing an additional 110,600 shares during the last quarter. Finally, APG Asset Management N.V. purchased a new stake in shares of Randgold Resources during the 4th quarter worth $8,416,000. 35.33% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on the company. BidaskClub cut Randgold Resources from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Numis Securities cut Randgold Resources from a “buy” rating to an “add” rating in a research note on Tuesday, February 6th. Scotiabank set a $101.00 price target on Randgold Resources and gave the company a “hold” rating in a research note on Monday, February 5th. JPMorgan Chase cut Randgold Resources from an “overweight” rating to a “neutral” rating in a research note on Thursday, December 14th. Finally, HSBC upgraded Randgold Resources from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $79.88.
Shares of NASDAQ:GOLD traded up $0.82 during trading on Friday, hitting $79.73. The stock had a trading volume of 505,026 shares, compared to its average volume of 592,856. Randgold Resources has a 12-month low of $77.70 and a 12-month high of $108.29. The stock has a market cap of $7,527.71, a price-to-earnings ratio of 27.30 and a beta of 0.11.
Randgold Resources (NASDAQ:GOLD) last announced its quarterly earnings data on Monday, February 5th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $328.62 million during the quarter. research analysts expect that Randgold Resources will post 3.73 EPS for the current fiscal year.
The company also recently disclosed a None dividend, which will be paid on Friday, May 18th. Stockholders of record on Friday, March 23rd will be paid a $1.98 dividend. The ex-dividend date is Thursday, March 22nd. Randgold Resources’s payout ratio is 67.81%.
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About Randgold Resources
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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