Saturna Capital CORP Acquires Shares of 8,461 Randgold Resources Ltd. (GOLD)

Saturna Capital CORP acquired a new stake in Randgold Resources Ltd. (NASDAQ:GOLD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,461 shares of the basic materials company’s stock, valued at approximately $826,000.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Randgold Resources by 7.8% in the second quarter. BlackRock Inc. now owns 9,333,067 shares of the basic materials company’s stock valued at $825,605,000 after acquiring an additional 671,684 shares in the last quarter. Capital World Investors lifted its position in shares of Randgold Resources by 102.9% in the second quarter. Capital World Investors now owns 1,007,000 shares of the basic materials company’s stock valued at $89,079,000 after acquiring an additional 510,800 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Randgold Resources by 16.2% in the second quarter. Gabelli Funds LLC now owns 915,800 shares of the basic materials company’s stock valued at $81,012,000 after acquiring an additional 127,500 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Randgold Resources by 218.0% in the second quarter. Renaissance Technologies LLC now owns 326,600 shares of the basic materials company’s stock valued at $28,891,000 after acquiring an additional 223,900 shares in the last quarter. Finally, Alps Advisors Inc. lifted its position in shares of Randgold Resources by 2.3% in the second quarter. Alps Advisors Inc. now owns 315,619 shares of the basic materials company’s stock valued at $27,920,000 after acquiring an additional 6,966 shares in the last quarter. Institutional investors and hedge funds own 35.18% of the company’s stock.

Shares of Randgold Resources Ltd. (GOLD) opened at $91.55 on Wednesday. Randgold Resources Ltd. has a twelve month low of $67.54 and a twelve month high of $108.29. The stock has a market capitalization of $8,627.98, a PE ratio of 31.09 and a beta of -0.11.

GOLD has been the topic of several research analyst reports. BidaskClub downgraded Randgold Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research cut Randgold Resources from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Investec raised Randgold Resources from a “hold” rating to a “buy” rating in a report on Friday, November 3rd. UBS cut Randgold Resources from a “buy” rating to a “neutral” rating in a report on Thursday, November 9th. Finally, HC Wainwright reaffirmed a “buy” rating on shares of Randgold Resources in a report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $84.90.

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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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