Prince Street Capital Management Llc Upped Its Position in Randgold Res Ltd (NASDAQ:GOLD) by $14.47 Million as Price Declined

May 17, 2018 - By Darrel Chase

Prince Street Capital Management Llc’s stake in Randgold Res Ltd (NASDAQ:GOLD) was upped by 58.35% based on its latest 2018Q1 report with the SEC. Randgold Res Ltd (NASDAQ:GOLD) declined 12.90% with the market as Prince Street Capital Management Llc bought 174,300 shares. Prince Street Capital Management Llc reported $39.37M position in Prince Street Capital Management Llc for 2018Q1. Now it holds 473,000 shares, compared to 298,700 last quarter. It decreased Banco Bradesco S A (NYSE:BBD) position by 1.52 million shares to 294,000 shares, and cut its stake.

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

In total 6 analysts cover Randgold Resources Limited (NASDAQ:GOLD). “Buy” rating has 2, “Sell” are 1, while 3 are “Hold”. (NASDAQ:GOLD) has 33% bullish analysts. 7 are the (NASDAQ:GOLD)’s ratings reports on 17 May 2018 according to StockzIntelligence Inc. On Wednesday, April 4 the rating was downgraded by RBC Capital Markets to “Underperform”. On Monday, March 26 the company was upgraded by Goldman Sachs. On Tuesday, March 13 the stock of Randgold Resources Limited (NASDAQ:GOLD) earned “Buy” rating by Canaccord Genuity. On Monday, April 16 the stock of Randgold Resources Limited (NASDAQ:GOLD) has “Hold” rating given by Desjardins Securities. On Monday, February 12 the stock of Randgold Resources Limited (NASDAQ:GOLD) earned “Overweight” rating by JP Morgan. On Monday, April 9 the stock of Randgold Resources Limited (NASDAQ:GOLD) earned “Neutral” rating by JP Morgan. On Monday, February 5 the stock of Randgold Resources Limited (NASDAQ:GOLD) earned “Hold” rating by Scotia Capital.

Randgold Resources Limited explores for and develops gold deposits in Sub-Saharan Africa.The company has $7.39 billion market cap. 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.The P/E ratio is 26.76. The firm was founded in 1995 and is based in St.

Randgold Resources Limited (NASDAQ:GOLD) Analyst Ratings Chart

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