Hussman Strategic Advisors Inc. grew its stake in Randgold Resources Ltd. (NASDAQ:GOLD) by 33.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,000 shares of the basic materials company’s stock after buying an additional 15,000 shares during the period. Randgold Resources makes up approximately 1.2% of Hussman Strategic Advisors Inc.’s holdings, making the stock its 11th biggest position. Hussman Strategic Advisors Inc. owned about 0.06% of Randgold Resources worth $4,233,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI increased its holdings in Randgold Resources by 29.0% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 47,259 shares of the basic materials company’s stock worth $3,643,000 after purchasing an additional 10,623 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new stake in Randgold Resources in the 2nd quarter valued at about $185,000. BlackRock Inc. lifted 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 purchasing an additional 222,064 shares during the last quarter. Stevens Capital Management LP lifted 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 purchasing an additional 5,184 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in Randgold Resources by 320.8% in the 2nd quarter. Schroder Investment Management Group now owns 128,035 shares of the basic materials company’s stock valued at $9,630,000 after purchasing an additional 97,605 shares during the last quarter. 39.26% of the stock is owned by institutional investors.
GOLD traded up $2.52 during midday trading on Thursday, hitting $84.20. The company had a trading volume of 764,701 shares, compared to its average volume of 769,062. The company has a market cap of $7.71 billion, a P/E ratio of 28.84 and a beta of -0.29. Randgold Resources Ltd. has a 52 week low of $59.90 and a 52 week high of $104.05.
Randgold Resources (NASDAQ:GOLD) last posted its earnings results on Tuesday, November 6th. The basic materials company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. Randgold Resources had a net margin of 21.82% and a return on equity of 6.16%. The company had revenue of $243.57 million during the quarter. As a group, analysts forecast that Randgold Resources Ltd. will post 2.68 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Randgold Resources from a “hold” rating to a “buy” rating in a research report on Wednesday. ValuEngine raised shares of Randgold Resources from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research raised shares of Randgold Resources from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 8th. Macquarie cut shares of Randgold Resources from an “outperform” rating to a “neutral” rating in a research note on Monday, October 22nd. They noted that the move was a valuation call. Finally, Royal Bank of Canada upgraded shares of Randgold Resources from an “underperform” rating to a “sector perform” rating in a report on Wednesday, September 26th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $87.00.
About Randgold Resources
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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