Aviva PLC boosted its stake in AngloGold Ashanti plc (NYSE:AU - Free Report) by 20.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 353,771 shares of the mining company's stock after acquiring an additional 60,485 shares during the quarter. Aviva PLC owned 0.08% of AngloGold Ashanti worth $7,887,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in shares of AngloGold Ashanti by 10.9% during the fourth quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company's stock worth $586,504,000 after purchasing an additional 2,491,130 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of AngloGold Ashanti by 22.9% during the fourth quarter. Vanguard Group Inc. now owns 20,857,324 shares of the mining company's stock worth $467,795,000 after buying an additional 3,882,283 shares in the last quarter. Carrhae Capital LLP raised its position in shares of AngloGold Ashanti by 170.0% in the fourth quarter. Carrhae Capital LLP now owns 3,459,193 shares of the mining company's stock valued at $79,838,000 after buying an additional 2,177,783 shares during the last quarter. TT International Asset Management LTD lifted its stake in shares of AngloGold Ashanti by 51.3% in 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 buying an additional 962,141 shares in the last quarter. Finally, Ninety One UK Ltd acquired a new position in AngloGold Ashanti during the fourth quarter worth about $45,043,000. Institutional investors and hedge funds own 36.09% of the company's stock.
AngloGold Ashanti Trading Down 0.6 %
NYSE:AU traded down $0.24 on Monday, reaching $42.55. The company's stock had a trading volume of 1,641,241 shares, compared to its average volume of 2,428,756. AngloGold Ashanti plc has a 12-month low of $21.65 and a 12-month high of $43.23. The stock has a 50 day moving average price of $33.51 and a 200 day moving average price of $28.85. The firm has a market cap of $17.86 billion, a price-to-earnings ratio of 13.30 and a beta of 0.81. 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 released its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.89 earnings per share (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 analyst estimates of $1.75 billion. On average, equities analysts anticipate that AngloGold Ashanti plc will post 3.83 EPS for the current fiscal year.
AngloGold Ashanti Increases Dividend
The company also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.69 dividend. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.22. The ex-dividend date was Friday, March 14th. This represents a yield of 2.8%. AngloGold Ashanti's payout ratio is presently 43.13%.
Wall Street Analysts Forecast Growth
AU has been the subject of a number of recent research reports. StockNews.com upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Royal Bank of Canada increased their price target on AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Finally, Scotiabank boosted their price objective on AngloGold Ashanti from $30.00 to $34.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $35.25.
View Our Latest Report on AngloGold Ashanti
AngloGold Ashanti Company Profile
(
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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