Russell Investments Group Ltd. lowered its position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,946,264 shares of the mining company's stock after selling 141,172 shares during the period. Russell Investments Group Ltd. owned about 0.94% of AngloGold Ashanti worth $91,023,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of AngloGold Ashanti by 297.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 259,120 shares of the mining company's stock valued at $6,900,000 after purchasing an additional 193,992 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of AngloGold Ashanti in the 3rd quarter worth about $630,000. Point72 Asset Management L.P. purchased a new position in AngloGold Ashanti during the 3rd quarter valued at about $2,446,000. Quantinno Capital Management LP boosted its stake in AngloGold Ashanti by 6.1% during the third quarter. Quantinno Capital Management LP now owns 26,080 shares of the mining company's stock worth $695,000 after acquiring an additional 1,508 shares in the last quarter. Finally, State Street Corp increased its stake in shares of AngloGold Ashanti by 546.2% during the third quarter. State Street Corp now owns 211,826 shares of the mining company's stock valued at $5,641,000 after purchasing an additional 179,045 shares in the last quarter. Institutional investors own 36.09% of the company's stock.
AngloGold Ashanti Stock Performance
Shares of NYSE AU traded up $3.92 during trading on Friday, reaching $42.77. 4,500,930 shares of the company traded hands, compared to its average volume of 2,438,356. 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 firm has a 50 day simple moving average of $33.27 and a 200-day simple moving average of $28.76. AngloGold Ashanti plc has a 52-week low of $21.65 and a 52-week high of $43.22. The stock has a market capitalization of $17.95 billion, a PE ratio of 13.36 and a beta of 0.81.
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 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. Equities research analysts anticipate that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.
AngloGold Ashanti Increases Dividend
The business 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 boost from AngloGold Ashanti's previous semi-annual dividend of $0.22. This represents a dividend yield of 2.8%. The ex-dividend date was Friday, March 14th. AngloGold Ashanti's payout ratio is presently 43.13%.
Analysts Set New Price Targets
AU has been the topic of a number of analyst reports. 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 report on Friday, April 4th. Scotiabank lifted their price target on AngloGold Ashanti from $30.00 to $34.00 and gave the stock a "sector perform" rating in a research report 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 analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, AngloGold Ashanti currently has an average rating of "Moderate Buy" and an average target price of $35.25.
Read Our Latest Stock Report on AU
About AngloGold Ashanti
(
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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