Wetherby Asset Management Inc. increased its position in shares of Randgold Resources Limited (NASDAQ:GOLD) by 2.0% during the second quarter, Holdings Channel reports. The fund owned 3,104 shares of the basic materials company’s stock after buying an additional 62 shares during the period. Wetherby Asset Management Inc.’s holdings in Randgold Resources Limited were worth $274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of GOLD. Hussman Strategic Advisors Inc. increased its position in shares of Randgold Resources Limited by 400.0% in the second quarter. Hussman Strategic Advisors Inc. now owns 50,000 shares of the basic materials company’s stock worth $4,423,000 after buying an additional 40,000 shares during the last quarter. Sei Investments Co. increased its position in shares of Randgold Resources Limited by 76.4% in the second quarter. Sei Investments Co. now owns 2,489 shares of the basic materials company’s stock worth $220,000 after buying an additional 1,078 shares during the last quarter. Smith Affiliated Capital Corp. increased its position in shares of Randgold Resources Limited by 4.0% in the second quarter. Smith Affiliated Capital Corp. now owns 1,310 shares of the basic materials company’s stock worth $116,000 after buying an additional 50 shares during the last quarter. Aperio Group LLC increased its position in shares of Randgold Resources Limited by 4.5% in the second quarter. Aperio Group LLC now owns 157,480 shares of the basic materials company’s stock worth $13,931,000 after buying an additional 6,826 shares during the last quarter. Finally, Creative Planning increased its position in shares of Randgold Resources Limited by 41.3% in the second quarter. Creative Planning now owns 1,540 shares of the basic materials company’s stock worth $136,000 after buying an additional 450 shares during the last quarter. 36.52% of the stock is currently owned by institutional investors and hedge funds.

Randgold Resources Limited (NASDAQ GOLD) opened at 94.65 on Thursday. Randgold Resources Limited has a 52 week low of $67.54 and a 52 week high of $110.92.

Randgold Resources Limited (NASDAQ:GOLD) last issued its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $336.79 million for the quarter. Equities analysts predict that Randgold Resources Limited will post $3.30 EPS for the current year.

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A number of research analysts have issued reports on the stock. BidaskClub downgraded shares of Randgold Resources Limited from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. HSBC Holdings plc reissued a “hold” rating on shares of Randgold Resources Limited in a research report on Friday, July 7th. Zacks Investment Research raised shares of Randgold Resources Limited from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Wednesday, July 5th. J P Morgan Chase & Co reissued an “overweight” rating and set a $107.00 price objective (up from $105.00) on shares of Randgold Resources Limited in a research report on Monday, June 5th. Finally, Scotiabank boosted their price objective on shares of Randgold Resources Limited from $102.00 to $141.00 and gave the company a “sector perform” rating in a research report on Friday, May 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. Randgold Resources Limited has a consensus rating of “Hold” and an average price target of $101.25.

About Randgold Resources Limited

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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