Cibc World Markets Corp acquired a new position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,000 shares of the mining company's stock, valued at approximately $346,000.
A number of other institutional investors also recently modified their holdings of AU. EverSource Wealth Advisors LLC lifted its position in AngloGold Ashanti by 210.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock worth $27,000 after buying an additional 796 shares in the last quarter. R Squared Ltd acquired a new position in shares of AngloGold Ashanti during the fourth quarter worth approximately $36,000. Decker Retirement Planning Inc. bought a new stake in shares of AngloGold Ashanti during the fourth quarter valued at approximately $69,000. SBI Securities Co. Ltd. bought a new stake in shares of AngloGold Ashanti during the fourth quarter valued at approximately $82,000. Finally, JPMorgan Chase & Co. raised its position in 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 purchasing an additional 3,782 shares during the last quarter. Institutional investors own 36.09% of the company's stock.
AngloGold Ashanti Trading Down 1.8 %
NYSE:AU opened at $34.84 on Tuesday. 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 1-year low of $21.23 and a 1-year high of $36.69. The firm has a market capitalization of $14.62 billion, a price-to-earnings ratio of 10.89 and a beta of 0.92. The business's 50-day moving average price is $30.96 and its two-hundred day moving average price is $27.94.
AngloGold Ashanti (NYSE:AU - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The mining company reported $0.89 earnings per share 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. On average, equities analysts expect that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.
AngloGold Ashanti Increases Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid 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 is Friday, March 14th. This represents a yield of 2.8%. AngloGold Ashanti's dividend payout ratio is currently 43.13%.
Wall Street Analyst Weigh In
Several research firms have recently commented on AU. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 target price on shares of AngloGold Ashanti in a research note on Thursday, February 20th. JPMorgan Chase & Co. lowered their price objective on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating for the company in a research report on Friday, December 6th. Finally, Scotiabank upped 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $34.00.
Check Out Our Latest Stock Analysis on AngloGold Ashanti
AngloGold Ashanti 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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