Bank of New York Mellon Corp Grows Stock Position in AngloGold Ashanti plc (NYSE:AU)

Bank of New York Mellon Corp lifted its stake in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 599,937 shares of the mining company's stock after purchasing an additional 54,096 shares during the quarter. Bank of New York Mellon Corp owned about 0.14% of AngloGold Ashanti worth $13,847,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AU. Rhumbline Advisers grew its holdings in AngloGold Ashanti by 9.3% during the fourth quarter. Rhumbline Advisers now owns 10,745 shares of the mining company's stock worth $248,000 after acquiring an additional 910 shares during the period. 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 worth $163,000 after acquiring an additional 1,052 shares during the period. Cigna Investments Inc. New grew its holdings in AngloGold Ashanti by 17.0% during the fourth quarter. Cigna Investments Inc. New now owns 9,581 shares of the mining company's stock worth $214,000 after acquiring an additional 1,390 shares during the period. Quantinno Capital Management LP grew its holdings 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 last quarter. Finally, R Squared Ltd acquired a new stake in AngloGold Ashanti in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 36.09% of the company's stock.

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Wall Street Analysts Forecast Growth

AU has been the topic of several research reports. JPMorgan Chase & Co. lowered their target price on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating on the stock in a report on Friday, December 6th. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 target price on shares of AngloGold Ashanti in a report on Thursday, February 20th. Finally, Scotiabank upped their target price on AngloGold Ashanti from $30.00 to $34.00 and gave the company a "sector perform" rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $34.00.

AngloGold Ashanti Price Performance

Shares of AU traded down $0.20 during trading hours on Friday, reaching $32.27. 2,835,450 shares of the company traded hands, compared to its average volume of 2,305,698. 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 capitalization of $13.54 billion, a PE ratio of 10.08 and a beta of 0.92. AngloGold Ashanti plc has a fifty-two week low of $20.05 and a fifty-two week high of $33.77. The stock has a fifty day simple moving average of $29.77 and a 200 day simple moving average of $27.72.

AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The mining company reported $0.89 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 analyst estimates of $1.75 billion. As a group, research analysts predict that AngloGold Ashanti plc will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.69 per share. The ex-dividend date is Friday, March 14th. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.22. This represents a yield of 2.8%. AngloGold Ashanti's dividend payout ratio is 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.