Norges Bank purchased a new position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 104,679 shares of the mining company's stock, valued at approximately $2,332,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantinno Capital Management LP increased its stake in AngloGold Ashanti by 6.1% in the third quarter. Quantinno Capital Management LP now owns 26,080 shares of the mining company's stock valued at $695,000 after purchasing an additional 1,508 shares during the period. State Street Corp increased its position in AngloGold Ashanti by 546.2% in the 3rd quarter. State Street Corp now owns 211,826 shares of the mining company's stock valued at $5,641,000 after acquiring an additional 179,045 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in AngloGold Ashanti during the 3rd quarter valued at approximately $1,606,000. Geode Capital Management LLC lifted its position in AngloGold Ashanti by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 327,108 shares of the mining company's stock worth $8,711,000 after acquiring an additional 8,676 shares during the period. Finally, Tidal Investments LLC grew its stake in shares of AngloGold Ashanti by 80.5% in the 3rd quarter. Tidal Investments LLC now owns 25,452 shares of the mining company's stock valued at $678,000 after purchasing an additional 11,352 shares during the last quarter. Hedge funds and other institutional investors own 36.09% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Royal Bank of Canada increased their price target on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Scotiabank raised their target price on shares of AngloGold Ashanti from $30.00 to $34.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 25th. Finally, StockNews.com upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $35.25.
Check Out Our Latest Report on AU
AngloGold Ashanti Stock Performance
NYSE:AU opened at $42.84 on Friday. The firm's fifty day simple moving average is $33.51 and its 200-day simple moving average is $28.85. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. The stock has a market cap of $17.98 billion, a PE ratio of 13.39 and a beta of 0.81. AngloGold Ashanti plc has a fifty-two week low of $21.65 and a fifty-two week high of $43.23.
AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its earnings results on Wednesday, February 19th. The mining company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.10). The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. Analysts expect that AngloGold Ashanti plc will post 3.83 earnings per share for the current fiscal year.
AngloGold Ashanti Increases Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.22. This represents a yield of 2.8%. AngloGold Ashanti's payout ratio is currently 43.13%.
AngloGold Ashanti Profile
(
Free Report)
AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.
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