85,720 Shares in AngloGold Ashanti plc (NYSE:AU) Acquired by Andra AP fonden

Andra AP fonden acquired a new stake in AngloGold Ashanti plc (NYSE:AU - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 85,720 shares of the mining company's stock, valued at approximately $1,912,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. R Squared Ltd purchased a new stake in AngloGold Ashanti during the fourth quarter worth about $36,000. Decker Retirement Planning Inc. purchased a new stake in shares of AngloGold Ashanti during the 4th quarter worth approximately $69,000. SBI Securities Co. Ltd. bought a new stake in shares of AngloGold Ashanti in the 4th quarter worth approximately $82,000. JPMorgan Chase & Co. lifted its stake in AngloGold Ashanti by 378.2% in the third quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company's stock valued at $127,000 after purchasing an additional 3,782 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in AngloGold Ashanti by 17.6% during the fourth quarter. Blue Trust Inc. now owns 7,043 shares of the mining company's stock valued at $163,000 after purchasing an additional 1,052 shares during the period. Hedge funds and other institutional investors own 36.09% of the company's stock.

AngloGold Ashanti Price Performance

NYSE:AU traded up $0.88 during trading hours on Thursday, hitting $32.53. The stock had a trading volume of 2,663,256 shares, compared to its average volume of 2,305,016. The firm has a market capitalization of $13.65 billion, a price-to-earnings ratio of 10.16 and a beta of 0.92. AngloGold Ashanti plc has a one year low of $20.05 and a one year high of $33.77. The company has a 50 day simple moving average of $29.44 and a two-hundred day simple moving average of $27.70. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14.

Remove Ads

AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its earnings results on Wednesday, February 19th. The mining company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.10). The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Research analysts forecast that AngloGold Ashanti plc will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given 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 is Friday, March 14th. AngloGold Ashanti's dividend payout ratio is 43.13%.

Wall Street Analysts Forecast Growth

AU has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price target on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating on the stock in a research report on Friday, December 6th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price objective on shares of AngloGold Ashanti in a report on Thursday, February 20th. 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 note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, AngloGold Ashanti currently has a consensus rating of "Hold" and an average target price of $34.00.

AngloGold Ashanti Company Profile

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.