Commerzbank Aktiengesellschaft FI Sells 70,068 Shares of Randgold Resources Limited (GOLD)

Commerzbank Aktiengesellschaft FI decreased its stake in Randgold Resources Limited (NASDAQ:GOLD) by 73.2% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 25,612 shares of the company’s stock after selling 70,068 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Randgold Resources Limited were worth $1,955,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of GOLD. Bremer Trust National Association boosted its stake in Randgold Resources Limited by 0.8% in the third quarter. Bremer Trust National Association now owns 3,003 shares of the company’s stock valued at $300,000 after buying an additional 24 shares during the period. Natixis Asset Management boosted its stake in Randgold Resources Limited by 0.8% in the third quarter. Natixis Asset Management now owns 9,070 shares of the company’s stock valued at $908,000 after buying an additional 70 shares during the period. Point View Wealth Management Inc. boosted its stake in Randgold Resources Limited by 5.3% in the third quarter. Point View Wealth Management Inc. now owns 2,090 shares of the company’s stock valued at $209,000 after buying an additional 105 shares during the period. Stifel Financial Corp boosted its stake in Randgold Resources Limited by 0.8% in the second quarter. Stifel Financial Corp now owns 13,108 shares of the company’s stock valued at $1,469,000 after buying an additional 107 shares during the period. Finally, Cetera Advisor Networks LLC boosted its stake in Randgold Resources Limited by 2.7% in the third quarter. Cetera Advisor Networks LLC now owns 4,134 shares of the company’s stock valued at $414,000 after buying an additional 110 shares during the period. 38.52% of the stock is owned by institutional investors.

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

Shares of Randgold Resources Limited (NASDAQ:GOLD) traded down 0.87% during mid-day trading on Tuesday, reaching $92.00. The company’s stock had a trading volume of 292,318 shares. The firm has a market capitalization of $8.63 billion, a PE ratio of 35.25 and a beta of 0.13. The firm has a 50-day moving average of $83.71 and a 200-day moving average of $88.68. Randgold Resources Limited has a 52 week low of $67.54 and a 52 week high of $126.55.

Randgold Resources Limited (NASDAQ:GOLD) last posted its quarterly earnings results on Monday, February 6th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.07. Randgold Resources Limited had a return on equity of 6.81% and a net margin of 20.61%. Equities research analysts forecast that Randgold Resources Limited will post $3.45 earnings per share for the current fiscal year.

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GOLD has been the subject of a number of research reports. Zacks Investment Research raised Randgold Resources Limited from a “strong sell” rating to a “hold” rating in a research note on Monday. Scotiabank raised Randgold Resources Limited from a “sector perform” rating to an “outperform” rating in a research note on Monday, November 7th. Canaccord Genuity cut Randgold Resources Limited from a “buy” rating to a “hold” rating in a research note on Friday, January 27th. Berenberg Bank reaffirmed a “buy” rating on shares of Randgold Resources Limited in a research note on Sunday, February 5th. Finally, Credit Suisse Group cut Randgold Resources Limited from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 31st. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Randgold Resources Limited has an average rating of “Buy” and a consensus target price of $101.00.

Randgold Resources Limited Company Profile

Randgold Resources Limited is engaged in the 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 mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company holds Morila Limited, which holds interests in the Morila mine in Mali.

5 Day Chart for NASDAQ:GOLD

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