Randgold Resources Limited (GOLD) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its stake in shares of Randgold Resources Limited (NASDAQ:GOLD) by 97.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,801 shares of the basic materials company’s stock after selling 215,108 shares during the period. JPMorgan Chase & Co.’s holdings in Randgold Resources Limited were worth $419,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in GOLD. UBS Asset Management Americas Inc. increased its stake in shares of Randgold Resources Limited by 35.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 18,739 shares of the basic materials company’s stock worth $1,431,000 after buying an additional 4,858 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Randgold Resources Limited by 428.5% in the first quarter. Quadrant Capital Group LLC now owns 1,744 shares of the basic materials company’s stock worth $146,000 after buying an additional 1,414 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of Randgold Resources Limited by 17.6% in the first quarter. Capstone Asset Management Co. now owns 14,204 shares of the basic materials company’s stock worth $1,240,000 after buying an additional 2,130 shares in the last quarter. Hexavest Inc. increased its stake in shares of Randgold Resources Limited by 593.5% in the first quarter. Hexavest Inc. now owns 28,551 shares of the basic materials company’s stock worth $2,492,000 after buying an additional 24,434 shares in the last quarter. Finally, Sigma Planning Corp bought a new stake in shares of Randgold Resources Limited during the first quarter worth about $480,000. Institutional investors own 36.41% of the company’s stock.

Randgold Resources Limited (NASDAQ:GOLD) traded up 1.04% during midday trading on Friday, reaching $97.94. 580,371 shares of the company’s stock traded hands. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of 31.19 and a beta of 0.08. Randgold Resources Limited has a 1-year low of $67.54 and a 1-year high of $111.80. The firm’s 50-day moving average is $90.62 and its 200-day moving average is $90.43.

Randgold Resources Limited (NASDAQ:GOLD) last posted its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.14. Randgold Resources Limited had a net margin of 22.75% and a return on equity of 7.89%. The business had revenue of $336.79 million during the quarter. Analysts forecast that Randgold Resources Limited will post $3.30 earnings per share for the current year.

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A number of analysts have recently weighed in on the stock. CIBC upgraded shares of Randgold Resources Limited from a “sector perform” rating to a “sector outperform” rating in a report on Friday, May 5th. Scotiabank boosted their target price on shares of Randgold Resources Limited from $102.00 to $141.00 and gave the stock a “sector perform” rating in a report on Friday, May 5th. J P Morgan Chase & Co restated an “overweight” rating and issued a $107.00 target price (up from $105.00) on shares of Randgold Resources Limited in a report on Monday, June 5th. BidaskClub downgraded shares of Randgold Resources Limited from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Zacks Investment Research upgraded shares of Randgold Resources Limited from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a report on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $101.25.

About Randgold Resources Limited

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).

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

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