20,947 Shares in AngloGold Ashanti plc (NYSE:AU) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in AngloGold Ashanti plc (NYSE:AU - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 20,947 shares of the mining company's stock, valued at approximately $484,000.

Several other hedge funds have also recently made changes to their positions in the business. Van ECK Associates Corp grew its position in shares of AngloGold Ashanti by 10.9% in the 4th quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company's stock worth $586,504,000 after buying an additional 2,491,130 shares during the period. Vanguard Group Inc. increased its holdings in shares of AngloGold Ashanti by 22.9% during the fourth quarter. Vanguard Group Inc. now owns 20,857,324 shares of the mining company's stock valued at $467,795,000 after acquiring an additional 3,882,283 shares in the last quarter. Carrhae Capital LLP boosted its stake in AngloGold Ashanti by 170.0% in the 4th quarter. Carrhae Capital LLP now owns 3,459,193 shares of the mining company's stock worth $79,838,000 after purchasing an additional 2,177,783 shares in the last quarter. TT International Asset Management LTD grew its position in AngloGold Ashanti by 51.3% during the 3rd quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company's stock valued at $75,525,000 after purchasing an additional 962,141 shares during the last quarter. Finally, Ninety One UK Ltd purchased a new position in AngloGold Ashanti in the fourth quarter worth about $45,043,000. 36.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Royal Bank of Canada boosted their price target on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. StockNews.com upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Finally, Scotiabank lifted 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 report on Tuesday, February 25th. One equities research 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's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $35.25.

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AngloGold Ashanti Stock Performance

NYSE AU traded down $0.24 on Monday, reaching $42.55. 1,641,241 shares of the stock were exchanged, compared to its average volume of 2,428,700. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46. The company's 50-day simple moving average is $33.51 and its two-hundred day simple moving average is $28.85. The firm has a market capitalization of $17.86 billion, a PE ratio of 13.30 and a beta of 0.81. AngloGold Ashanti plc has a one year low of $21.65 and a one year high of $43.23.

AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $1.75 billion. Analysts expect that AngloGold Ashanti plc will post 3.83 EPS 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. Stockholders of record on Friday, March 14th were given a dividend of $0.69 per share. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.22. The ex-dividend date was Friday, March 14th. This represents a dividend yield of 2.8%. AngloGold Ashanti's dividend payout ratio (DPR) is presently 43.13%.

About AngloGold Ashanti

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.