Bank Of New York Mellon Has Increased Randgold Resources LTD (GOLD) Stake By $1.90 Million; Shorts at Rli (RLI) Raised By 11%

May 25, 2017 - By Marguerite Chambers

Bank Of New York Mellon Corp increased Randgold Resources Ltd (GOLD) stake by 81.28% reported in 2016Q4 SEC filing. Bank Of New York Mellon Corp acquired 25,052 shares as Randgold Resources Ltd (GOLD)’s stock rose 4.27%. The Bank Of New York Mellon Corp holds 55,874 shares with $4.27M value, up from 30,822 last quarter. Randgold Resources Ltd now has $8.60 billion valuation. The stock declined 1.38% or $1.29 reaching $92.01 on the news. About 181,466 shares traded. Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) has risen 7.63% since May 25, 2016 and is uptrending. It has underperformed by 9.07% the S&P500.

Rli Corporation (NYSE:RLI) had an increase of 11% in short interest. RLI’s SI was 3.02 million shares in May as released by FINRA. Its up 11% from 2.72 million shares previously. With 279,500 avg volume, 11 days are for Rli Corporation (NYSE:RLI)’s short sellers to cover RLI’s short positions. The SI to Rli Corporation’s float is 7.83%. About 14,793 shares traded. RLI Corp. (NYSE:RLI) has declined 13.83% since May 25, 2016 and is downtrending. It has underperformed by 30.53% the S&P500.

Among 15 analysts covering Randgold-Resources (NASDAQ:GOLD), 10 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. Randgold-Resources had 31 analyst reports since July 24, 2015 according to SRatingsIntel. On Monday, March 14 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. The rating was downgraded by Citigroup to “Neutral” on Monday, April 18. The stock has “Hold” rating by Berenberg on Wednesday, September 7. The company was maintained on Thursday, April 7 by JP Morgan. The firm earned “Buy” rating on Monday, June 27 by Goldman Sachs. Jefferies initiated Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) on Friday, September 25 with “Hold” rating. The firm has “Hold” rating by Deutsche Bank given on Tuesday, February 9. The stock of Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) earned “Outperform” rating by Macquarie Research on Friday, July 1. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Wednesday, February 24 report. The firm has “Buy” rating by UBS given on Friday, September 9.

Bank Of New York Mellon Corp decreased Allstate Corp (NYSE:ALL) stake by 2.17M shares to 3.96 million valued at $293.78 million in 2016Q4. It also reduced Spdr Bbg Barc Lt Treasury (TLO) stake by 6,852 shares and now owns 12,517 shares. Cl A was reduced too.

Among 6 analysts covering RLI Corporation (NYSE:RLI), 0 have Buy rating, 3 Sell and 3 Hold. Therefore 0 are positive. RLI Corporation had 13 analyst reports since July 22, 2015 according to SRatingsIntel. On Thursday, September 3 the stock rating was maintained by FBR Capital with “Mkt Perform”. RBC Capital Markets maintained the stock with “Sell” rating in Tuesday, May 23 report. The rating was maintained by Compass Point on Wednesday, October 21 with “Neutral”. On Friday, April 21 the stock rating was maintained by FBR Capital with “Hold”. As per Thursday, January 7, the company rating was upgraded by Keefe Bruyette & Woods. The firm earned “Outperform” rating on Monday, August 3 by FBR Capital. The firm earned “Underperform” rating on Friday, December 9 by RBC Capital Markets. The stock has “Neutral” rating by Compass Point on Wednesday, January 27. The company was maintained on Wednesday, October 21 by RBC Capital Markets.

Since January 3, 2017, it had 1 buy, and 2 sales for $22,913 activity. Shares for $94,872 were bought by RESTREPO ROBERT P JR on Monday, May 8. STONE MICHAEL J sold $62,365 worth of stock or 1,008 shares.