Charles Schwab Investment Management Inc. lifted its position in AngloGold Ashanti plc (NYSE:AU - Free Report) by 47.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 381,627 shares of the mining company's stock after buying an additional 122,507 shares during the period. Charles Schwab Investment Management Inc. owned about 0.09% of AngloGold Ashanti worth $8,808,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in AU. Van ECK Associates Corp grew its stake in AngloGold Ashanti by 10.9% in the fourth quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company's stock valued at $586,504,000 after acquiring an additional 2,491,130 shares during the period. FMR LLC grew its position in shares of AngloGold Ashanti by 39.5% in the 3rd quarter. FMR LLC now owns 10,448,445 shares of the mining company's stock valued at $277,968,000 after purchasing an additional 2,957,304 shares during the period. TT International Asset Management LTD grew its position in shares of AngloGold Ashanti by 51.3% in the 3rd quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company's stock valued at $75,525,000 after purchasing an additional 962,141 shares during the period. Ninety One UK Ltd bought a new stake in AngloGold Ashanti during the 4th quarter worth approximately $45,043,000. Finally, Allianz Asset Management GmbH raised its holdings in AngloGold Ashanti by 39.0% during the 4th quarter. Allianz Asset Management GmbH now owns 1,934,603 shares of the mining company's stock worth $44,651,000 after buying an additional 542,463 shares during the period. Institutional investors and hedge funds own 36.09% of the company's stock.
Wall Street Analysts Forecast Growth
AU has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating for the company in a research report on Friday, December 6th. Scotiabank increased their target price on AngloGold Ashanti from $30.00 to $34.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 25th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $36.00 price target on shares of AngloGold Ashanti in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $34.00.
Get Our Latest Analysis on AngloGold Ashanti
AngloGold Ashanti Stock Up 3.1 %
AU traded up $1.07 during trading hours on Tuesday, hitting $35.93. 550,371 shares of the company's stock were exchanged, compared to its average volume of 2,321,706. The stock has a market cap of $15.08 billion, a price-to-earnings ratio of 11.23 and a beta of 0.92. AngloGold Ashanti plc has a 1-year low of $21.23 and a 1-year high of $36.69. The stock's 50-day moving average is $30.96 and its two-hundred day moving average is $27.94. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46.
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 firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. 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 business also recently declared a semi-annual dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.69 dividend. This represents a yield of 2.8%. This is an increase 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 (DPR) is currently 43.13%.
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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