15,000 Shares in AngloGold Ashanti plc (NYSE:AU) Bought by Cibc World Markets Corp

Cibc World Markets Corp acquired a new stake in AngloGold Ashanti plc (NYSE:AU - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,000 shares of the mining company's stock, valued at approximately $346,000.

Several other hedge funds have also added to or reduced their stakes in AU. EverSource Wealth Advisors LLC raised its stake in shares of AngloGold Ashanti by 210.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock valued at $27,000 after acquiring an additional 796 shares during the last quarter. R Squared Ltd bought a new stake in shares of AngloGold Ashanti in the 4th quarter valued at about $36,000. Decker Retirement Planning Inc. acquired a new stake in shares of AngloGold Ashanti in the fourth quarter valued at about $69,000. SBI Securities Co. Ltd. bought a new position in shares of AngloGold Ashanti during the fourth quarter worth about $82,000. Finally, JPMorgan Chase & Co. raised its position in shares of AngloGold Ashanti by 378.2% during the third quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company's stock worth $127,000 after acquiring an additional 3,782 shares during the last quarter. 36.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on AU. Scotiabank increased their target price on shares of AngloGold Ashanti from $30.00 to $34.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. cut their price target on shares of AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating on the stock in a research report on Friday, December 6th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 price objective on shares of AngloGold Ashanti in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $34.00.

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AngloGold Ashanti Stock Up 2.3 %

AngloGold Ashanti stock traded up $0.82 during midday trading on Friday, reaching $37.00. The stock had a trading volume of 3,919,221 shares, compared to its average volume of 2,384,043. 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 12 month low of $21.65 and a 12 month high of $38.16. The company has a fifty day moving average price of $31.50 and a two-hundred day moving average price of $28.10. The company has a market capitalization of $15.53 billion, a P/E ratio of 11.56 and a beta of 0.92.

AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.89 earnings per share (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 analyst estimates of $1.75 billion. As a group, equities analysts expect that AngloGold Ashanti plc will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.69 dividend. This represents a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.22. AngloGold Ashanti's dividend payout ratio is currently 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.