AngloGold Ashanti plc (NYSE:AU) Shares Bought by Carrhae Capital LLP

Carrhae Capital LLP boosted its holdings in AngloGold Ashanti plc (NYSE:AU - Free Report) by 170.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,459,193 shares of the mining company's stock after acquiring an additional 2,177,783 shares during the quarter. AngloGold Ashanti accounts for 6.7% of Carrhae Capital LLP's portfolio, making the stock its 4th largest position. Carrhae Capital LLP owned about 0.82% of AngloGold Ashanti worth $79,838,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Whittier Trust Co. acquired a new stake in shares of AngloGold Ashanti in the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC lifted its position in AngloGold Ashanti by 210.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock worth $27,000 after purchasing an additional 796 shares during the period. R Squared Ltd bought a new position in AngloGold Ashanti during the 4th quarter valued at $36,000. Decker Retirement Planning Inc. acquired a new position in shares of AngloGold Ashanti during the 4th quarter valued at $69,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of AngloGold Ashanti in the 4th quarter worth $82,000. Institutional investors own 36.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AU shares. Scotiabank lifted 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. JPMorgan Chase & Co. dropped their target price on shares of AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating on the stock in a report on Friday, December 6th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $36.00 target price on shares of AngloGold Ashanti in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $34.00.

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AngloGold Ashanti Trading Up 2.3 %

Shares of AU traded up $0.82 during midday trading on Friday, hitting $37.00. The stock had a trading volume of 3,919,221 shares, compared to its average volume of 2,386,155. The business has a 50-day simple moving average of $31.69 and a two-hundred day simple moving average of $28.16. The firm has a market cap of $15.53 billion, a P/E ratio of 11.56 and a beta of 0.92. 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 fifty-two week low of $21.65 and a fifty-two week high of $38.16.

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 for the quarter, compared to analysts' expectations of $1.75 billion. As a group, equities analysts forecast that AngloGold Ashanti plc will post 3.83 EPS for the current year.

AngloGold Ashanti Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.69 per share. This represents a yield of 2.8%. 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. AngloGold Ashanti's payout ratio is presently 43.13%.

AngloGold Ashanti 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.