Van ECK Associates Corp Has $442.97 Million Holdings in Randgold Resources Limited (GOLD)

Van ECK Associates Corp lessened its holdings in Randgold Resources Limited (NASDAQ:GOLD) by 9.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,535,824 shares of the basic materials company’s stock after selling 485,239 shares during the quarter. Randgold Resources Limited accounts for about 2.3% of Van ECK Associates Corp’s holdings, making the stock its 6th biggest position. Van ECK Associates Corp owned approximately 4.82% of Randgold Resources Limited worth $442,969,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Randgold Resources Limited in the 3rd quarter valued at approximately $557,000. Ninepoint Partners LP purchased a new stake in shares of Randgold Resources Limited during the 3rd quarter worth approximately $10,645,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Randgold Resources Limited by 37.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 4,114 shares of the basic materials company’s stock worth $402,000 after acquiring an additional 1,110 shares in the last quarter. Sprott Inc. boosted its stake in shares of Randgold Resources Limited by 47.7% during the 3rd quarter. Sprott Inc. now owns 83,485 shares of the basic materials company’s stock worth $8,153,000 after acquiring an additional 26,953 shares in the last quarter. Finally, State of Tennessee Treasury Department purchased a new stake in shares of Randgold Resources Limited during the 3rd quarter worth approximately $1,903,000. 34.79% of the stock is currently owned by institutional investors.

Several equities research analysts have recently commented on the company. BidaskClub lowered Randgold Resources Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. HC Wainwright reissued a “buy” rating on shares of Randgold Resources Limited in a research note on Wednesday. Zacks Investment Research raised Randgold Resources Limited from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Wednesday, September 20th. UBS Group AG lowered Randgold Resources Limited from a “buy” rating to a “neutral” rating in a research note on Thursday, November 9th. Finally, Investec raised Randgold Resources Limited from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Randgold Resources Limited presently has an average rating of “Hold” and an average price target of $84.90.

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Shares of Randgold Resources Limited (NASDAQ GOLD) traded up $1.73 during trading hours on Thursday, hitting $96.41. The stock had a trading volume of 372,000 shares, compared to its average volume of 671,556. The stock has a market cap of $8,906.43, a price-to-earnings ratio of 32.10 and a beta of -0.07. Randgold Resources Limited has a fifty-two week low of $67.54 and a fifty-two week high of $108.29.

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).

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

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