Randgold Resources Limited (GOLD) Stake Raised by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd boosted its position in Randgold Resources Limited (NASDAQ:GOLD) by 302.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,883 shares of the basic materials company’s stock after acquiring an additional 8,933 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Randgold Resources Limited were worth $1,051,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Smith Affiliated Capital Corp. raised its stake in Randgold Resources Limited by 4.0% in the 2nd quarter. Smith Affiliated Capital Corp. now owns 1,310 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 50 shares during the period. Acrospire Investment Management LLC raised its stake in Randgold Resources Limited by 40.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the basic materials company’s stock valued at $124,000 after acquiring an additional 400 shares during the period. Creative Planning raised its stake in Randgold Resources Limited by 41.3% in the 2nd quarter. Creative Planning now owns 1,540 shares of the basic materials company’s stock valued at $136,000 after acquiring an additional 450 shares during the period. Twin Tree Management LP bought a new stake in Randgold Resources Limited in the 2nd quarter valued at about $160,000. Finally, Quadrant Capital Group LLC raised its stake in Randgold Resources Limited by 11.2% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,939 shares of the basic materials company’s stock valued at $162,000 after acquiring an additional 195 shares during the period. Institutional investors and hedge funds own 35.65% of the company’s stock.

Randgold Resources Limited (NASDAQ:GOLD) traded up 1.42% on Friday, reaching $100.44. The company’s stock had a trading volume of 316,123 shares. The stock has a 50-day moving average of $100.80 and a 200-day moving average of $93.94. Randgold Resources Limited has a one year low of $67.54 and a one year high of $108.29. The stock has a market cap of $9.45 billion, a P/E ratio of 31.99 and a beta of -0.05.

Randgold Resources Limited (NASDAQ:GOLD) last posted its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.74 by $0.14. Randgold Resources Limited had a return on equity of 7.89% and a net margin of 22.75%. The firm had revenue of $336.79 million for the quarter. On average, analysts predict that Randgold Resources Limited will post $3.30 EPS for the current fiscal year.

A number of brokerages recently issued reports on GOLD. Zacks Investment Research cut Randgold Resources Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub cut Randgold Resources Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, HSBC Holdings plc restated a “hold” rating on shares of Randgold Resources Limited in a research note on Friday, July 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $105.00.

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Other institutional investors have also recently made changes to their positions in the company. Smith Affiliated Capital Corp. raised its stake in Randgold Resources Limited by 4.0% in the 2nd quarter. Smith Affiliated Capital Corp. now owns 1,310 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 50 shares during the period. Acrospire Investment Management LLC raised its stake in Randgold Resources Limited by 40.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the basic materials company’s stock valued at $124,000 after acquiring an additional 400 shares during the period. Creative Planning raised its stake in Randgold Resources Limited by 41.3% in the 2nd quarter. Creative Planning now owns 1,540 shares of the basic materials company’s stock valued at $136,000 after acquiring an additional 450 shares during the period. Twin Tree Management LP bought a new stake in Randgold Resources Limited in the 2nd quarter valued at about $160,000. Finally, Quadrant Capital Group LLC raised its stake in Randgold Resources Limited by 11.2% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,939 shares of the basic materials company’s stock valued at $162,000 after acquiring an additional 195 shares during the period. Institutional investors and hedge funds own 35.65% of the company’s stock.

Randgold Resources Limited (NASDAQ:GOLD) traded up 1.42% on Friday, reaching $100.44. The company’s stock had a trading volume of 316,123 shares. The stock has a 50-day moving average of $100.80 and a 200-day moving average of $93.94. Randgold Resources Limited has a one year low of $67.54 and a one year high of $108.29. The stock has a market cap of $9.45 billion, a P/E ratio of 31.99 and a beta of -0.05.

Randgold Resources Limited (NASDAQ:GOLD) last posted its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.74 by $0.14. Randgold Resources Limited had a return on equity of 7.89% and a net margin of 22.75%. The firm had revenue of $336.79 million for the quarter. On average, analysts predict that Randgold Resources Limited will post $3.30 EPS for the current fiscal year.

A number of brokerages recently issued reports on GOLD. Zacks Investment Research cut Randgold Resources Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub cut Randgold Resources Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, HSBC Holdings plc restated a “hold” rating on shares of Randgold Resources Limited in a research note on Friday, July 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $105.00.

COPYRIGHT VIOLATION WARNING: This report was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another site, it was illegally copied and republished in violation of international copyright and trademark legislation. The correct version of this report can be read at https://ledgergazette.com/2017/10/15/randgold-resources-limited-gold-stake-raised-by-dynamic-technology-lab-private-ltd.html.

Randgold Resources Limited Company 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 Limited (NASDAQ:GOLD)

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