Randgold Resources Ltd. (GOLD) Holdings Boosted by Squarepoint Ops LLC

Squarepoint Ops LLC raised its holdings in Randgold Resources Ltd. (NASDAQ:GOLD) by 433.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,592 shares of the basic materials company’s stock after acquiring an additional 13,481 shares during the quarter. Squarepoint Ops LLC’s holdings in Randgold Resources were worth $1,375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. AQR Capital Management LLC lifted its stake in Randgold Resources by 16.9% in the third quarter. AQR Capital Management LLC now owns 4,452 shares of the basic materials company’s stock valued at $314,000 after buying an additional 645 shares during the period. Signaturefd LLC lifted its stake in Randgold Resources by 97.1% in the third quarter. Signaturefd LLC now owns 1,516 shares of the basic materials company’s stock valued at $107,000 after buying an additional 747 shares during the period. PNC Financial Services Group Inc. lifted its stake in Randgold Resources by 64.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,485 shares of the basic materials company’s stock valued at $204,000 after buying an additional 973 shares during the period. Advisors Asset Management Inc. lifted its stake in Randgold Resources by 39.3% in the fourth quarter. Advisors Asset Management Inc. now owns 4,985 shares of the basic materials company’s stock valued at $413,000 after buying an additional 1,407 shares during the period. Finally, Reilly Financial Advisors LLC acquired a new position in Randgold Resources in the fourth quarter valued at approximately $199,000. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on the company. CIBC upgraded Randgold Resources from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 2nd. Macquarie upgraded Randgold Resources from a “neutral” rating to an “outperform” rating in a report on Monday, January 28th. BidaskClub upgraded Randgold Resources from a “hold” rating to a “buy” rating in a report on Tuesday, December 11th. Barclays assumed coverage on Randgold Resources in a report on Wednesday, January 9th. They set an “overweight” rating for the company. Finally, Raymond James set a $17.00 price objective on Randgold Resources and gave the company a “market perform” rating in a report on Wednesday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Randgold Resources has an average rating of “Buy” and an average price target of $40.47.

NASDAQ GOLD opened at $13.44 on Tuesday. The company has a market cap of $24.02 billion, a PE ratio of 4.60 and a beta of -0.23. Randgold Resources Ltd. has a 52 week low of $9.53 and a 52 week high of $14.54.

Randgold Resources (NASDAQ:GOLD) last announced its quarterly earnings results on Wednesday, February 13th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. Randgold Resources had a return on equity of 6.16% and a net margin of 21.82%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the company posted $0.22 earnings per share. Randgold Resources’s revenue was down 14.5% compared to the same quarter last year. On average, sell-side analysts expect that Randgold Resources Ltd. will post 2.62 EPS for the current year.

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Randgold Resources 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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