Schroder Investment Management Group Has $13.14 Million Stake in Randgold Resources Ltd. (GOLD)

Schroder Investment Management Group lifted its position in shares of Randgold Resources Ltd. (NASDAQ:GOLD) by 45.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,191 shares of the basic materials company’s stock after purchasing an additional 58,156 shares during the quarter. Schroder Investment Management Group owned 0.20% of Randgold Resources worth $13,135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI grew its stake in Randgold Resources by 29.0% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 47,259 shares of the basic materials company’s stock valued at $3,643,000 after acquiring an additional 10,623 shares during the period. Hussman Strategic Advisors Inc. grew its stake in Randgold Resources by 33.3% in the 3rd quarter. Hussman Strategic Advisors Inc. now owns 60,000 shares of the basic materials company’s stock valued at $4,233,000 after acquiring an additional 15,000 shares during the period. Cornerstone Wealth Management LLC acquired a new stake in Randgold Resources in the 2nd quarter valued at $185,000. BlackRock Inc. grew its stake in Randgold Resources by 2.5% in the 2nd quarter. BlackRock Inc. now owns 9,209,563 shares of the basic materials company’s stock valued at $709,966,000 after acquiring an additional 222,064 shares during the period. Finally, Stevens Capital Management LP grew its stake in Randgold Resources by 43.8% in the 2nd quarter. Stevens Capital Management LP now owns 17,033 shares of the basic materials company’s stock valued at $1,313,000 after acquiring an additional 5,184 shares during the period. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of GOLD stock opened at $80.17 on Monday. The firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of 27.46 and a beta of -0.27. Randgold Resources Ltd. has a fifty-two week low of $59.90 and a fifty-two week high of $104.05.

Randgold Resources (NASDAQ:GOLD) last announced its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $243.57 million for the quarter. Randgold Resources had a return on equity of 6.16% and a net margin of 21.82%. As a group, equities research analysts forecast that Randgold Resources Ltd. will post 2.68 earnings per share for the current fiscal year.

A number of research firms recently issued reports on GOLD. Royal Bank of Canada raised shares of Randgold Resources from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, September 26th. BidaskClub raised shares of Randgold Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. UBS Group raised shares of Randgold Resources from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 29th. Desjardins raised shares of Randgold Resources from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Friday, August 17th. Finally, Clarus Securities reissued a “buy” rating on shares of Randgold Resources in a research note on Friday, August 10th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Randgold Resources has a consensus rating of “Buy” and an average price target of $87.00.

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Randgold Resources Company Profile

Randgold Resources Ltd. engages in the exploration and development of gold deposits. Its projects include the following: Loulo-Gounkoto complex, Morila gold mine, Tongon gold mine, Kibali gold mine, and Massawa. The company was founded in August 1995 and is headquartered in St. Helier, the United Kingdom.

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

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