Renaissance Technologies LLC grew its holdings in shares of Randgold Resources Ltd. (NASDAQ:GOLD) by 17.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 582,600 shares of the basic materials company’s stock after acquiring an additional 85,200 shares during the quarter. Renaissance Technologies LLC owned about 0.62% of Randgold Resources worth $57,613,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. CI Investments Inc. boosted its position in Randgold Resources by 498.0% during the 4th quarter. CI Investments Inc. now owns 132,810 shares of the basic materials company’s stock worth $13,134,000 after acquiring an additional 110,600 shares during the period. Ninepoint Partners LP acquired a new position in Randgold Resources during the 3rd quarter worth $10,645,000. Mackenzie Financial Corp boosted its position in Randgold Resources by 2.7% during the 4th quarter. Mackenzie Financial Corp now owns 177,363 shares of the basic materials company’s stock worth $17,539,000 after acquiring an additional 4,742 shares during the period. Alps Advisors Inc. boosted its position in Randgold Resources by 3.7% during the 4th quarter. Alps Advisors Inc. now owns 322,817 shares of the basic materials company’s stock worth $31,923,000 after acquiring an additional 11,599 shares during the period. Finally, AGF Investments Inc. boosted its position in Randgold Resources by 2.2% during the 4th quarter. AGF Investments Inc. now owns 91,899 shares of the basic materials company’s stock worth $9,088,000 after acquiring an additional 2,004 shares during the period. Institutional investors own 35.36% of the company’s stock.
A number of research analysts have issued reports on GOLD shares. Zacks Investment Research lowered Randgold Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 23rd. Citigroup upgraded Randgold Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 5th. Desjardins reissued a “hold” rating on shares of Randgold Resources in a research note on Monday, December 11th. BidaskClub downgraded Randgold Resources from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 28th. Finally, HC Wainwright reissued a “buy” rating on shares of Randgold Resources in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $79.88.
Randgold Resources (NASDAQ:GOLD) last posted its quarterly earnings data on Monday, February 5th. The basic materials company reported $0.79 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.05). Randgold Resources had a return on equity of 7.13% and a net margin of 21.72%. The firm had revenue of $328.62 million during the quarter. sell-side analysts anticipate that Randgold Resources Ltd. will post 3.77 earnings per share for the current year.
The company also recently disclosed a None dividend, which will be paid on Friday, May 18th. Stockholders of record on Friday, March 23rd will be paid a $1.98 dividend. This represents a dividend yield of 0.0233518103549947%. The ex-dividend date of this dividend is Thursday, March 22nd. Randgold Resources’s dividend payout ratio is presently 33.68%.
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).
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