Mackenzie Financial Corp trimmed its stake in Randgold Resources Ltd. (NASDAQ:GOLD) by 42.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 172,621 shares of the basic materials company’s stock after selling 127,099 shares during the quarter. Mackenzie Financial Corp owned approximately 0.18% of Randgold Resources worth $16,858,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of GOLD. BlackRock Inc. boosted its stake in shares of Randgold Resources by 7.8% during the 2nd quarter. BlackRock Inc. now owns 9,333,067 shares of the basic materials company’s stock worth $825,605,000 after acquiring an additional 671,684 shares during the period. Capital World Investors lifted its holdings in Randgold Resources by 102.9% during the 2nd quarter. Capital World Investors now owns 1,007,000 shares of the basic materials company’s stock worth $89,079,000 after purchasing an additional 510,800 shares during the last quarter. Gabelli Funds LLC lifted its holdings in Randgold Resources by 16.2% during the 2nd quarter. Gabelli Funds LLC now owns 915,800 shares of the basic materials company’s stock worth $81,012,000 after purchasing an additional 127,500 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Randgold Resources by 218.0% during the 2nd quarter. Renaissance Technologies LLC now owns 326,600 shares of the basic materials company’s stock worth $28,891,000 after purchasing an additional 223,900 shares during the last quarter. Finally, Alps Advisors Inc. lifted its holdings in Randgold Resources by 2.3% during the 2nd quarter. Alps Advisors Inc. now owns 315,619 shares of the basic materials company’s stock worth $27,920,000 after purchasing an additional 6,966 shares during the last quarter. Hedge funds and other institutional investors own 35.18% of the company’s stock.
Several analysts recently weighed in on the company. Zacks Investment Research cut Randgold Resources from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. HC Wainwright reaffirmed a “buy” rating on shares of Randgold Resources in a report on Wednesday, November 22nd. BidaskClub cut Randgold Resources from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Royal Bank Of Canada raised Randgold Resources to a “sector perform” rating in a report on Monday. They noted that the move was a valuation call. Finally, UBS cut Randgold Resources from a “buy” rating to a “neutral” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $84.90.
Shares of Randgold Resources Ltd. (NASDAQ GOLD) opened at $90.42 on Thursday. Randgold Resources Ltd. has a 52-week low of $67.54 and a 52-week high of $108.29. The company has a market capitalization of $8,611.99, a PE ratio of 31.03 and a beta of -0.11.
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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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