Randgold Resources (GOLD) Shares Sold by Aperio Group LLC

Aperio Group LLC cut its stake in Randgold Resources (NASDAQ:GOLD) by 11.3% during the 1st quarter, Holdings Channel reports. The fund owned 166,216 shares of the basic materials company’s stock after selling 21,269 shares during the period. Aperio Group LLC’s holdings in Randgold Resources were worth $13,836,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CI Investments Inc. boosted its position in shares of Randgold Resources by 498.0% in the fourth 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 during the last quarter. Mackenzie Financial Corp boosted its position in shares of Randgold Resources by 2.7% in the fourth quarter. Mackenzie Financial Corp now owns 177,363 shares of the basic materials company’s stock worth $17,539,000 after acquiring an additional 4,742 shares during the last quarter. OppenheimerFunds Inc. boosted its position in shares of Randgold Resources by 6.0% in the fourth quarter. OppenheimerFunds Inc. now owns 264,952 shares of the basic materials company’s stock worth $26,201,000 after acquiring an additional 15,000 shares during the last quarter. Advisory Services Network LLC boosted its position in shares of Randgold Resources by 60.4% in the fourth quarter. Advisory Services Network LLC now owns 1,700 shares of the basic materials company’s stock worth $168,000 after acquiring an additional 640 shares during the last quarter. Finally, Alps Advisors Inc. boosted its position 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 worth $31,923,000 after acquiring an additional 11,599 shares during the last quarter. 35.10% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have weighed in on GOLD shares. Zacks Investment Research cut shares of Randgold Resources from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. JPMorgan Chase reduced their price target on shares of Randgold Resources from $103.00 to $101.00 and set an “overweight” rating on the stock in a research report on Monday, February 12th. BidaskClub cut shares of Randgold Resources from a “sell” rating to a “strong sell” rating in a research report on Wednesday, February 28th. Goldman Sachs raised shares of Randgold Resources from a “neutral” rating to a “buy” rating in a research report on Monday, March 26th. Finally, Canaccord Genuity raised shares of Randgold Resources from a “hold” rating to a “buy” rating in a research report on Tuesday, March 13th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Randgold Resources currently has a consensus rating of “Hold” and an average target price of $104.00.

Shares of Randgold Resources opened at $77.95 on Friday, MarketBeat.com reports. The company has a market cap of $7.37 billion, a price-to-earnings ratio of 26.70 and a beta of 0.13. Randgold Resources has a fifty-two week low of $76.01 and a fifty-two week high of $108.29.

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

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

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