Randgold Resources Ltd. (GOLD) Holdings Trimmed by Bank of Montreal Can

Bank of Montreal Can decreased its position in Randgold Resources Ltd. (NASDAQ:GOLD) by 12.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 33,614 shares of the basic materials company’s stock after selling 4,831 shares during the period. Bank of Montreal Can’s holdings in Randgold Resources were worth $3,324,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC raised its stake in shares of Randgold Resources by 9.6% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 151,565 shares of the basic materials company’s stock valued at $14,802,000 after purchasing an additional 13,291 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Randgold Resources in the 3rd quarter valued at about $713,000. Saturna Capital CORP acquired a new stake in shares of Randgold Resources in the 3rd quarter valued at about $826,000. JPMorgan Chase & Co. raised its stake in shares of Randgold Resources by 36.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 100,107 shares of the basic materials company’s stock valued at $9,858,000 after purchasing an additional 26,899 shares during the period. Finally, FNY Managed Accounts LLC acquired a new stake in shares of Randgold Resources in the 3rd quarter valued at about $152,000. 35.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Randgold Resources Ltd. (GOLD) opened at $85.39 on Thursday. The stock has a market capitalization of $8,130.00, a PE ratio of 28.95 and a beta of -0.06. Randgold Resources Ltd. has a 12-month low of $83.18 and a 12-month high of $108.29.

Randgold Resources (NASDAQ:GOLD) last released its earnings results on Monday, February 5th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.05). The company had revenue of $328.62 million during the quarter. Randgold Resources had a net margin of 21.72% and a return on equity of 7.19%. equities research analysts predict that Randgold Resources Ltd. will post 3.78 earnings per share for the current fiscal year.

GOLD has been the topic of several recent research reports. Numis Securities downgraded Randgold Resources from a “buy” rating to an “add” rating in a research note on Tuesday. HC Wainwright reissued a “buy” rating on shares of Randgold Resources in a research note on Wednesday, January 17th. Citigroup raised Randgold Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 5th. Investec raised Randgold Resources from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised Randgold Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. Randgold Resources currently has an average rating of “Hold” and an average price target of $76.90.

TRADEMARK VIOLATION NOTICE: “Randgold Resources Ltd. (GOLD) Holdings Trimmed by Bank of Montreal Can” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://www.com-unik.info/2018/02/08/randgold-resources-ltd-gold-holdings-trimmed-by-bank-of-montreal-can.html.

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).

Want to see what other hedge funds are holding GOLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Randgold Resources Ltd. (NASDAQ:GOLD).

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

Receive News & Ratings for Randgold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Randgold Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit