Mitsubishi UFJ Trust & Banking Corp increased its position in AngloGold Ashanti plc (NYSE:AU - Free Report) by 164.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,813 shares of the mining company's stock after buying an additional 121,629 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in AngloGold Ashanti were worth $4,519,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of AngloGold Ashanti by 378.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company's stock worth $127,000 after buying an additional 3,782 shares in the last quarter. TT International Asset Management LTD lifted its holdings 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 acquiring an additional 962,141 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of AngloGold Ashanti by 297.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 259,120 shares of the mining company's stock valued at $6,900,000 after acquiring an additional 193,992 shares during the last quarter. Van ECK Associates Corp grew its position 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 worth $586,504,000 after acquiring an additional 2,491,130 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in AngloGold Ashanti by 1,504.8% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 391,715 shares of the mining company's stock worth $10,419,000 after acquiring an additional 367,306 shares during the last quarter. 36.09% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Royal Bank of Canada boosted their target price on AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday. StockNews.com upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. lowered their target price on shares of AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating for the company in a report on Friday, December 6th. Finally, Scotiabank upped their price target on shares of 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, one has issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, AngloGold Ashanti presently has an average rating of "Moderate Buy" and a consensus price target of $35.25.
Read Our Latest Research Report on AngloGold Ashanti
AngloGold Ashanti Trading Down 9.3 %
AU stock traded down $3.43 during midday trading on Friday, reaching $33.55. The company's stock had a trading volume of 4,230,630 shares, compared to its average volume of 2,407,816. AngloGold Ashanti plc has a 1 year low of $21.65 and a 1 year high of $38.63. The firm has a market capitalization of $14.08 billion, a price-to-earnings ratio of 10.48 and a beta of 0.81. The stock has a fifty day simple moving average of $32.56 and a two-hundred day simple moving average of $28.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73.
AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $1.75 billion. On average, equities research analysts predict that AngloGold Ashanti plc will post 3.83 EPS for the current year.
AngloGold Ashanti Increases Dividend
The company also recently declared a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.69 dividend. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.22. The ex-dividend date of this dividend was Friday, March 14th. This represents a dividend yield of 2.8%. AngloGold Ashanti's payout ratio is presently 43.13%.
AngloGold Ashanti Company Profile
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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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