Altrinsic Global Advisors LLC purchased a new stake in AngloGold Ashanti plc (NYSE:AU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 24,543 shares of the mining company's stock, valued at approximately $566,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Whittier Trust Co. purchased a new position in AngloGold Ashanti in the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC raised its position in AngloGold Ashanti by 210.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock valued at $27,000 after purchasing an additional 796 shares in the last quarter. Nomura Asset Management Co. Ltd. purchased a new position in shares of AngloGold Ashanti in the 4th quarter valued at about $32,000. R Squared Ltd acquired a new position in shares of AngloGold Ashanti during the fourth quarter worth about $36,000. Finally, Decker Retirement Planning Inc. acquired a new position in shares of AngloGold Ashanti during the fourth quarter worth about $69,000. Hedge funds and other institutional investors own 36.09% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on AU shares. HSBC reiterated a "reduce" rating and issued a $35.00 price target on shares of AngloGold Ashanti in a research note on Thursday, April 17th. StockNews.com upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Scotiabank raised their price target on AngloGold Ashanti from $34.00 to $42.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Finally, Royal Bank of Canada lifted 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $36.80.
View Our Latest Research Report on AngloGold Ashanti
AngloGold Ashanti Price Performance
Shares of NYSE:AU opened at $43.15 on Wednesday. AngloGold Ashanti plc has a 12 month low of $21.66 and a 12 month high of $46.90. The firm has a market capitalization of $18.11 billion, a P/E ratio of 13.48 and a beta of 0.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. The company's fifty day moving average price is $35.07 and its 200 day moving average price is $29.66.
AngloGold Ashanti (NYSE:AU - Get Free Report) last announced 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 company had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.75 billion. As a group, sell-side analysts predict that AngloGold Ashanti plc will post 3.83 earnings per share for the current fiscal year.
AngloGold Ashanti Increases Dividend
The firm also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.69 dividend. This represents a dividend yield of 2.8%. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.22. The ex-dividend date of this dividend was Friday, March 14th. AngloGold Ashanti's payout ratio is presently 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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider AngloGold Ashanti, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AngloGold Ashanti wasn't on the list.
While AngloGold Ashanti currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
