AngloGold Ashanti plc (NYSE:AU) Shares Purchased by Ruffer LLP

Ruffer LLP increased its stake in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) by 56.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,653,726 shares of the mining company's stock after buying an additional 599,266 shares during the quarter. AngloGold Ashanti comprises approximately 1.4% of Ruffer LLP's investment portfolio, making the stock its 23rd biggest holding. Ruffer LLP owned 0.39% of AngloGold Ashanti worth $38,168,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in AngloGold Ashanti by 378.2% during the 3rd 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. TT International Asset Management LTD lifted its holdings in shares of AngloGold Ashanti by 51.3% during the third quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company's stock worth $75,525,000 after purchasing an additional 962,141 shares during the period. Charles Schwab Investment Management Inc. boosted its position in AngloGold Ashanti by 297.9% in 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 buying an additional 193,992 shares during the last quarter. Van ECK Associates Corp raised its position in AngloGold Ashanti by 10.9% during 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 last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in AngloGold Ashanti by 1,504.8% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 391,715 shares of the mining company's stock valued at $10,419,000 after acquiring an additional 367,306 shares during the period. 36.09% of the stock is owned by institutional investors and hedge funds.

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AngloGold Ashanti Stock Performance

AU traded up $0.88 on Thursday, reaching $32.53. The stock had a trading volume of 2,663,725 shares, compared to its average volume of 2,305,021. The business's 50-day moving average price is $29.44 and its two-hundred day moving average price is $27.70. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46. AngloGold Ashanti plc has a 12-month low of $20.05 and a 12-month high of $33.77. The company has a market cap of $13.65 billion, a P/E ratio of 10.16 and a beta of 0.92.

AngloGold Ashanti (NYSE:AU - Get Free Report) last released its quarterly 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 company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. Sell-side analysts forecast that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.69 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a yield of 2.8%. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.22. AngloGold Ashanti's dividend payout ratio (DPR) is currently 43.13%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AU shares. Scotiabank increased their price objective 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price target on shares of AngloGold Ashanti in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. decreased their price objective on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating for the company in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target 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.