Randgold Resources (GOLD) Holdings Increased by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC grew its holdings in Randgold Resources (NASDAQ:GOLD) by 45.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,000 shares of the basic materials company’s stock after purchasing an additional 46,500 shares during the period. Alpine Woods Capital Investors LLC owned about 0.16% of Randgold Resources worth $12,403,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC increased its stake in Randgold Resources by 60.4% in the fourth quarter. Advisory Services Network LLC now owns 1,700 shares of the basic materials company’s stock worth $168,000 after purchasing an additional 640 shares during the period. Mckinley Capital Management LLC Delaware increased its stake in Randgold Resources by 68.0% in the first quarter. Mckinley Capital Management LLC Delaware now owns 2,188 shares of the basic materials company’s stock worth $182,000 after purchasing an additional 886 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Randgold Resources by 629.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,188 shares of the basic materials company’s stock valued at $315,000 after buying an additional 2,751 shares during the period. SG Americas Securities LLC increased its stake in shares of Randgold Resources by 24.6% during the fourth quarter. SG Americas Securities LLC now owns 3,385 shares of the basic materials company’s stock valued at $335,000 after buying an additional 668 shares during the period. Finally, First Trust Advisors LP purchased a new position in shares of Randgold Resources during the fourth quarter valued at $371,000. Institutional investors and hedge funds own 35.10% of the company’s stock.

Shares of Randgold Resources stock opened at $78.08 on Friday. Randgold Resources has a 12 month low of $77.58 and a 12 month high of $78.32. The firm has a market cap of $7.37 billion, a PE ratio of 26.74 and a beta of 0.13.

Randgold Resources (NASDAQ:GOLD) last posted its earnings results on Thursday, May 10th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.08). Randgold Resources had a net margin of 21.49% and a return on equity of 6.72%. The company had revenue of $273.28 million during the quarter. analysts forecast that Randgold Resources will post 3.65 EPS for the current year.

Several brokerages have recently commented on GOLD. TheStreet lowered Randgold Resources from a “b” rating to a “c+” rating in a research note on Tuesday. ValuEngine lowered Randgold Resources from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub lowered Randgold Resources from a “hold” rating to a “sell” rating in a research note on Saturday, May 12th. Zacks Investment Research lowered Randgold Resources from a “hold” rating to a “sell” rating in a research note on Monday, April 16th. Finally, Desjardins set a $100.00 price target on Randgold Resources and gave the company a “hold” rating in a research note on Monday, April 16th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $104.00.

Randgold Resources 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).

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

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