Fil Ltd Increased Randgold Res Ltd (NASDAQ:GOLD) Stake by $59.53 Million

August 12, 2018 - By Mary Gaskins

Fil Ltd increased its stake in Randgold Res Ltd (NASDAQ:GOLD) by 762.44% based on its latest 2018Q2 regulatory filing with the SEC. Fil Ltd bought 773,149 shares as the company’s stock declined 9.80% with the market. The institutional investor held 874,553 shares of the precious metals company at the end of 2018Q2, valued at $67.42 million, up from 101,404 at the end of the previous reported quarter. Fil Ltd who had been investing in Randgold Res Ltd for a number of months, seems to be bullish on the $6.74B market cap company. The stock decreased 1.87% or $1.33 during the last trading session, reaching $69.97. About 1.15 million shares traded or 135.04% up from the average. Randgold Resources Limited (NASDAQ:GOLD) has declined 16.87% since August 13, 2017 and is downtrending. It has underperformed by 29.44% the S&P500.

Fil Ltd, which manages about $66.31B US Long portfolio, decreased its stake in Paypal Hldgs Inc () by 247,260 shares to 1.10M shares, valued at $91.25M in 2018Q2, according to the filing. It also reduced its holding in Makemytrip Limited Mauritius (NASDAQ:MMYT) by 393,434 shares in the quarter, leaving it with 2.31 million shares, and cut its stake in Infosys Ltd (NYSE:INFY).

Randgold Resources Limited (NASDAQ:GOLD) Ratings Coverage

Among 5 analysts covering Randgold Resources Limited – American Depositary Shares each represented by one Ordinary Share (NASDAQ:GOLD), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Randgold Resources Limited – American Depositary Shares each represented by one Ordinary Share had 6 analyst reports since March 13, 2018 according to SRatingsIntel. Canaccord Genuity upgraded Randgold Resources Limited (NASDAQ:GOLD) on Tuesday, March 13 to “Buy” rating. The rating was maintained by Desjardins Securities with “Hold” on Monday, April 16. JP Morgan maintained Randgold Resources Limited (NASDAQ:GOLD) rating on Tuesday, May 22. JP Morgan has “Neutral” rating and $98 target. On Wednesday, April 4 the stock rating was downgraded by RBC Capital Markets to “Underperform”. The firm has “Buy” rating by Goldman Sachs given on Monday, March 26. The firm has “Neutral” rating given on Monday, April 9 by JP Morgan.

Randgold Resources Limited explores for and develops gold deposits in Sub-Saharan Africa. The company has market cap of $6.74 billion. It holds interests in the Morila gold mine, the Loulo gold mine, and the Gounkoto gold mine, which are located in Mali, West Africa; Tongon mine situated within the Nielle exploitation permit in the north of Côte d’Ivoire; and Kibali mine located in the Democratic Republic of Congo. It has a 25.09 P/E ratio. The firm was founded in 1995 and is based in St.

More notable recent Randgold Resources Limited (NASDAQ:GOLD) news were published by: Nasdaq.com which released: “Canadian Stocks Are Struggling As Gold Prices Fall – Canadian Commentary” on July 23, 2018, also Benzinga.com with their article: “Earnings Scheduled For August 9, 2018” published on August 09, 2018, Seekingalpha.com published: “Randgold Resources Ltd (GOLD) CEO Mark Bristow on Q2 2018 Results – Earnings Call Transcript” on August 09, 2018. More interesting news about Randgold Resources Limited (NASDAQ:GOLD) were released by: Nasdaq.com and their article: “Gold Price Analysis: Downtrend in Control, Retail Heavily Long” published on July 17, 2018 as well as Seekingalpha.com‘s news article titled: “Updates On Semafo Inc. And Randgold Resources” with publication date: August 10, 2018.

Randgold Resources Limited (NASDAQ:GOLD) Ratings Chart

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