Causeway Capital Management LLC Takes $11.20 Million Position in AngloGold Ashanti plc (NYSE:AU)

Causeway Capital Management LLC bought a new stake in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 501,799 shares of the mining company's stock, valued at approximately $11,195,000. Causeway Capital Management LLC owned approximately 0.12% of AngloGold Ashanti at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. purchased a new stake in shares of AngloGold Ashanti in the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 acquiring an additional 796 shares during the last quarter. Nomura Asset Management Co. Ltd. bought a new position in shares of AngloGold Ashanti during the fourth quarter valued at $32,000. R Squared Ltd purchased a new position in shares of AngloGold Ashanti in the 4th quarter worth about $36,000. Finally, Decker Retirement Planning Inc. bought a new position in AngloGold Ashanti in the 4th quarter worth about $69,000. Hedge funds and other institutional investors own 36.09% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on AU. Royal Bank of Canada raised their price target on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Scotiabank lifted their target price on AngloGold Ashanti from $34.00 to $42.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. HSBC reissued a "reduce" rating and issued a $35.00 price objective on shares of AngloGold Ashanti in a research note on Thursday. Finally, StockNews.com raised AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $36.80.

AngloGold Ashanti Price Performance

AU traded down $2.43 during trading hours on Friday, hitting $43.19. The company's stock had a trading volume of 5,482,179 shares, compared to its average volume of 2,455,862. The business's 50-day moving average price is $34.65 and its 200-day moving average price is $29.40. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46. The stock has a market cap of $18.13 billion, a price-to-earnings ratio of 13.50 and a beta of 0.81. AngloGold Ashanti plc has a 12 month low of $21.65 and a 12 month high of $46.90.

AngloGold Ashanti (NYSE:AU - Get Free Report) last issued 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 company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. Sell-side analysts expect 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 was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.69 dividend. This represents a yield of 2.8%. The ex-dividend date was Friday, March 14th. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.22. AngloGold Ashanti's dividend payout ratio (DPR) is currently 43.13%.

About AngloGold Ashanti

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.