Paulson & Co. increased its position in Randgold Resources ( GOLD) by 15,700 shares, or 1.7%, in the fourth quarter to 938,700 shares. The stock was also included in a list of Materials Stocks Bought and Sold by Hedge Funds. Stock Overview: Randgold, together with its joint ventures, carries out exploration and gold mining activities, with two operating mines in Mali, West Africa: The Morila gold mine, and the Loulo mine complex. It has a market cap of about $10 billion. The stock, which yields 0.2% and has a short interest ratio of 1.5, has traded in a 52-week range of $70.18 to $120.73 and closed up $2.36, or 2.2%, at $111.66 on Thursday. Analyst Ratings: Of eight analysts covering the stock, one rates it a buy, six rate it a hold, and one rates it a sell. TheStreet Ratings has an A buy rating on the stock with a $136.87 price target. More on Randgold: Randgold shows up on recent list of 9 Gold, Oil Stocks That Rise on Bad News. Follow @stockpickr
While causing upset among politicians and some business leaders, President Donald Trump's withdrawal of the U.S. from the Paris Agreement helped boost stock prices across the chemicals and automotive sectors.