Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Randgold Resources Ltd. (NASDAQ:GOLD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,708 shares of the basic materials company’s stock, valued at approximately $557,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Howe & Rusling Inc. acquired a new stake in shares of Randgold Resources in the 3rd quarter valued at $137,000. Federated Investors Inc. PA acquired a new stake in shares of Randgold Resources in the 2nd quarter valued at $7,745,000. Ninepoint Partners LP acquired a new stake in shares of Randgold Resources in the 3rd quarter valued at $10,645,000. Fox Run Management L.L.C. acquired a new stake in shares of Randgold Resources in the 3rd quarter valued at $420,000. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Randgold Resources in the 3rd quarter valued at $1,928,000. 35.18% of the stock is owned by institutional investors.

Randgold Resources Ltd. (NASDAQ:GOLD) opened at $91.28 on Tuesday. Randgold Resources Ltd. has a 12-month low of $67.54 and a 12-month high of $108.29. The stock has a market capitalization of $8,627.98, a price-to-earnings ratio of 31.09 and a beta of -0.11.

Several research firms have recently commented on GOLD. BidaskClub cut Randgold Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Royal Bank Of Canada upgraded Randgold Resources to a “sector perform” rating in a research report on Monday. They noted that the move was a valuation call. Zacks Investment Research upgraded Randgold Resources from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research report on Wednesday, September 20th. HC Wainwright restated a “buy” rating on shares of Randgold Resources in a research report on Wednesday, November 22nd. Finally, UBS lowered Randgold Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $84.90.

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About Randgold Resources

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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