K2 Principal Fund L.P. Has $1.55 Million Holdings in Randgold Resources Ltd. (GOLD)

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K2 Principal Fund L.P. raised its stake in shares of Randgold Resources Ltd. (NASDAQ:GOLD) by 101.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,099 shares of the basic materials company’s stock after purchasing an additional 10,100 shares during the period. K2 Principal Fund L.P.’s holdings in Randgold Resources were worth $1,549,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Sei Investments Co. grew its holdings in Randgold Resources by 27.1% during the first quarter. Sei Investments Co. now owns 2,971 shares of the basic materials company’s stock valued at $247,000 after purchasing an additional 633 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Randgold Resources by 6.2% during the second quarter. Crossmark Global Holdings Inc. now owns 14,452 shares of the basic materials company’s stock valued at $1,114,000 after purchasing an additional 838 shares during the last quarter. Mckinley Capital Management LLC Delaware grew its holdings in Randgold Resources by 68.0% during the first quarter. Mckinley Capital Management LLC Delaware now owns 2,188 shares of the basic materials company’s stock valued at $182,000 after purchasing an additional 886 shares during the last quarter. Hexavest Inc. grew its holdings in Randgold Resources by 14.3% during the second quarter. Hexavest Inc. now owns 10,125 shares of the basic materials company’s stock valued at $781,000 after purchasing an additional 1,266 shares during the last quarter. Finally, Boyer & Corporon Wealth Management LLC boosted its position in shares of Randgold Resources by 3.2% in the second quarter. Boyer & Corporon Wealth Management LLC now owns 49,339 shares of the basic materials company’s stock valued at $3,804,000 after acquiring an additional 1,534 shares during the period. Institutional investors own 36.66% of the company’s stock.

Several research firms have recently weighed in on GOLD. BidaskClub raised Randgold Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, June 26th. Clarus Securities reissued a “buy” rating on shares of Randgold Resources in a research report on Friday, August 10th. Scotiabank set a $98.00 price objective on Randgold Resources and gave the company a “hold” rating in a research report on Thursday, August 9th. ValuEngine cut Randgold Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, May 16th. Finally, Zacks Investment Research raised Randgold Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. Randgold Resources currently has an average rating of “Hold” and an average target price of $101.00.

GOLD opened at $63.27 on Friday. Randgold Resources Ltd. has a 1-year low of $62.55 and a 1-year high of $108.29. The company has a market capitalization of $6.00 billion, a PE ratio of 21.67 and a beta of -0.14.

Randgold Resources (NASDAQ:GOLD) last posted its quarterly earnings data on Thursday, August 9th. The basic materials company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.04). Randgold Resources had a net margin of 19.74% and a return on equity of 5.88%. The business had revenue of $283.66 million during the quarter. sell-side analysts anticipate that Randgold Resources Ltd. will post 2.97 EPS for the current fiscal year.

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).

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

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