Geode Capital Management LLC increased its position in shares of Randgold Resources Limited (NASDAQ:GOLD) by 14.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,065 shares of the basic materials company’s stock after buying an additional 2,969 shares during the period. Geode Capital Management LLC’s holdings in Randgold Resources Limited were worth $2,013,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GOLD. DekaBank Deutsche Girozentrale increased its position in Randgold Resources Limited by 10.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,331 shares of the basic materials company’s stock worth $115,000 after buying an additional 131 shares during the period. ING Groep NV bought a new position in Randgold Resources Limited during the first quarter worth $236,000. US Bancorp DE increased its position in Randgold Resources Limited by 7.3% in the first quarter. US Bancorp DE now owns 2,943 shares of the basic materials company’s stock worth $257,000 after buying an additional 201 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Randgold Resources Limited during the first quarter worth $258,000. Finally, Wetherby Asset Management Inc. bought a new position in Randgold Resources Limited during the first quarter worth $265,000. 35.56% of the stock is currently owned by institutional investors.

Shares of Randgold Resources Limited (GOLD) traded up 2.61% during mid-day trading on Tuesday, reaching $102.60. The company had a trading volume of 512,598 shares. Randgold Resources Limited has a one year low of $67.54 and a one year high of $106.01.

Randgold Resources Limited (NASDAQ:GOLD) last announced its quarterly earnings results on Friday, August 4th. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.14. The business had revenue of $336.79 million for the quarter. Randgold Resources Limited had a net margin of 22.75% and a return on equity of 7.89%. Equities research analysts predict that Randgold Resources Limited will post $3.30 earnings per share for the current year.

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A number of research firms have recently weighed in on GOLD. BidaskClub downgraded Randgold Resources Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. HSBC Holdings plc reissued a “hold” rating on shares of Randgold Resources Limited in a research note on Friday, July 7th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $107.00 price target (up previously from $105.00) on shares of Randgold Resources Limited in a research note on Monday, June 5th. CIBC raised Randgold Resources Limited from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, May 5th. Finally, Scotiabank increased their price target on Randgold Resources Limited from $102.00 to $141.00 and gave the company a “sector perform” rating in a research note on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. Randgold Resources Limited presently has a consensus rating of “Hold” and an average target price 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).

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

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