As Randgold Res Ltd (NASDAQ:GOLD) Price Declined, Shareholder Prince Street Capital Management Llc Upped Position by $14.47 Million

May 17, 2018 - By Tina Gentry

Based on the latest 2018Q1 form from the SEC, Prince Street Capital Management Llc increased its holdings in Randgold Res Ltd (NASDAQ:GOLD) by 58.35%. 174,300 shares were bought by Prince Street Capital Management Llc as Randgold Res Ltd (NASDAQ:GOLD) stock declined 12.90% with the market. Prince Street Capital Management Llc’s position was valued at $39.37 million for 473,000 shares. It’s up from 298,700 last quarter. Prince Street Capital Management Llc cut its stake in and reduced Banco Bradesco S A (NYSE:BBD) position by 1.52 million shares for a total of 294,000 shares.

Prince Street Capital Management Llc is a New York-based institutional investor with more than $1.36 billion AUM in November, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Prince Street Capital Management latest Adv, the fund reported to have 20 full and part-time employees. Among which 11 performing investment advisory and research functions. The institutional investor had between 11-25 clients.

Randgold Resources Limited (NASDAQ:GOLD) Ratings Coverage

Total analysts of 6 have positions in Randgold Resources Limited (NASDAQ:GOLD) as follows: 2 rated it a “Buy”, 1 with “Sell” and 3 with “Hold”. The positive are 33%. Since February 5, 2018 according to StockzIntelligence Inc Randgold Resources Limited has 7 analyst reports. On Monday, April 9 JP Morgan maintained Randgold Resources Limited (NASDAQ:GOLD) rating. JP Morgan has “Neutral” rating and $102 target. In Monday, February 12 report JP Morgan maintained it with “Overweight” rating and $101 target. The stock rating was downgraded by RBC Capital Markets to “Underperform” on Wednesday, April 4. In Monday, February 5 report Scotia Capital maintained it with “Hold” rating and $101.0 target. On Monday, April 16 the firm has “Hold” rating by Desjardins Securities given. On Tuesday, March 13 the firm has “Buy” rating given by Canaccord Genuity. On Monday, March 26 the stock of Randgold Resources Limited (NASDAQ:GOLD) earned “Buy” rating by Goldman Sachs.

Randgold Resources Limited explores for and develops gold deposits in Sub-Saharan Africa.The firm is valued at $7.39 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.26.76 is the P/E ratio. The firm was founded in 1995 and is based in St.

Randgold Resources Limited (NASDAQ:GOLD) Analyst Ratings Chart

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