JPMorgan Chase & Co. Has $419,000 Position in Randgold Resources Limited (GOLD)

JPMorgan Chase & Co. decreased its position in shares of Randgold Resources Limited (NASDAQ:GOLD) by 97.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other large investors also recently modified their holdings of the stock. DekaBank Deutsche Girozentrale raised its stake in shares of Randgold Resources Limited by 10.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,331 shares of the basic materials company’s stock worth $115,000 after buying an additional 131 shares during the period. Quadrant Capital Group LLC increased its position 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 valued at $146,000 after buying an additional 1,414 shares during the period. ING Groep NV purchased a new position in shares of Randgold Resources Limited during the first quarter valued at approximately $236,000. US Bancorp DE increased its position in shares of Randgold Resources Limited by 7.3% in the first quarter. US Bancorp DE now owns 2,943 shares of the basic materials company’s stock valued at $257,000 after buying an additional 201 shares during the period. Finally, Wetherby Asset Management Inc. purchased a new position in shares of Randgold Resources Limited during the first quarter valued at approximately $265,000. 36.52% of the stock is owned by institutional investors.

Randgold Resources Limited (NASDAQ GOLD) opened at 95.80 on Friday. Randgold Resources Limited has a 12 month low of $67.54 and a 12 month high of $106.47.

Randgold Resources Limited (NASDAQ:GOLD) last announced its quarterly earnings results on Friday, August 4th. The basic materials company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.14. Randgold Resources Limited had a return on equity of 7.89% and a net margin of 22.75%. The company had revenue of $336.79 million during the quarter. On average, equities analysts predict that Randgold Resources Limited will post $3.30 EPS for the current year.

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GOLD has been the topic of several recent analyst reports. 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. BidaskClub raised shares of Randgold Resources Limited from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. HSBC Holdings plc reissued a “hold” rating on shares of Randgold Resources Limited in a research note on Friday, July 7th. Scotiabank boosted their price target on shares of Randgold Resources Limited from $102.00 to $141.00 and gave the company a “sector perform” rating in a research report on Friday, May 5th. Finally, CIBC upgraded shares of Randgold Resources Limited from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $101.25.

Randgold Resources Limited 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).

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

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