Randgold Resources Ltd. (GOLD) Shares Bought by Bank of Montreal Can

Bank of Montreal Can increased its holdings in shares of Randgold Resources Ltd. (NASDAQ:GOLD) by 224.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 129,937 shares of the basic materials company’s stock after purchasing an additional 89,887 shares during the quarter. Bank of Montreal Can owned 0.14% of Randgold Resources worth $9,167,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. United Services Automobile Association lifted its stake in Randgold Resources by 19.1% in the second quarter. United Services Automobile Association now owns 373,700 shares of the basic materials company’s stock valued at $28,809,000 after buying an additional 60,000 shares during the last quarter. Northern Trust Corp lifted its stake in Randgold Resources by 2.5% in the second quarter. Northern Trust Corp now owns 92,296 shares of the basic materials company’s stock valued at $7,115,000 after buying an additional 2,210 shares during the last quarter. Schroder Investment Management Group lifted its stake in Randgold Resources by 320.8% in the second quarter. Schroder Investment Management Group now owns 128,035 shares of the basic materials company’s stock valued at $9,630,000 after buying an additional 97,605 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Randgold Resources by 467.0% in the second quarter. Tower Research Capital LLC TRC now owns 6,401 shares of the basic materials company’s stock valued at $493,000 after buying an additional 5,272 shares during the last quarter. Finally, Natixis lifted its stake in Randgold Resources by 49.0% in the second quarter. Natixis now owns 40,845 shares of the basic materials company’s stock valued at $3,149,000 after buying an additional 13,438 shares during the last quarter. 37.09% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on GOLD shares. UBS Group upgraded Randgold Resources from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 29th. Royal Bank of Canada raised Randgold Resources from an “underperform” rating to a “sector perform” rating in a report on Wednesday, September 26th. ValuEngine lowered Randgold Resources from a “sell” rating to a “strong sell” rating in a report on Friday, September 14th. JPMorgan Chase & Co. lowered Randgold Resources from an “overweight” rating to a “neutral” rating and set a $68.00 price target on the stock. in a report on Tuesday, September 25th. Finally, Desjardins raised Randgold Resources from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a report on Friday, August 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $87.00.



Shares of GOLD opened at $80.09 on Friday. The firm has a market cap of $7.41 billion, a PE ratio of 27.43 and a beta of -0.11. Randgold Resources Ltd. has a one year low of $59.90 and a one year high of $104.05.

Randgold Resources (NASDAQ:GOLD) last issued its quarterly earnings results on Thursday, August 9th. The basic materials company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). The business had revenue of $283.66 million for the quarter. Randgold Resources had a net margin of 19.74% and a return on equity of 5.88%. Sell-side analysts predict that Randgold Resources Ltd. will post 2.7 EPS for the current fiscal year.

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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