Connor Clark & Lunn Investment Management Ltd. Has $2.08 Million Stake in AngloGold Ashanti plc (NYSE:AU)

Connor Clark & Lunn Investment Management Ltd. reduced its stake in AngloGold Ashanti plc (NYSE:AU - Free Report) by 63.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,949 shares of the mining company's stock after selling 157,343 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in AngloGold Ashanti were worth $2,076,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in AU. Charles Schwab Investment Management Inc. boosted its stake in shares of AngloGold Ashanti by 297.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 259,120 shares of the mining company's stock valued at $6,900,000 after buying an additional 193,992 shares during the period. Qsemble Capital Management LP bought a new stake in AngloGold Ashanti during the third quarter worth $368,000. FMR LLC lifted its stake in AngloGold Ashanti by 39.5% during the third quarter. FMR LLC now owns 10,448,445 shares of the mining company's stock worth $277,968,000 after purchasing an additional 2,957,304 shares during the last quarter. Bridgewater Associates LP lifted its stake in AngloGold Ashanti by 80.2% during the third quarter. Bridgewater Associates LP now owns 185,968 shares of the mining company's stock worth $4,952,000 after purchasing an additional 82,788 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in AngloGold Ashanti by 4.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 209,975 shares of the mining company's stock worth $5,592,000 after purchasing an additional 9,706 shares during the last quarter. 36.09% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several research firms have weighed in on AU. Scotiabank upped their target price 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. JPMorgan Chase & Co. cut their target price on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating for the company in a research note 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 research note on Thursday, February 20th. 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $34.00.

AngloGold Ashanti Price Performance

Shares of AU traded down $1.07 during trading hours on Friday, reaching $35.43. The stock had a trading volume of 2,668,411 shares, compared to its average volume of 2,320,979. AngloGold Ashanti plc has a 12 month low of $20.46 and a 12 month high of $36.69. The stock has a market capitalization of $14.87 billion, a PE ratio of 11.07 and a beta of 0.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73. The company's 50-day moving average is $30.78 and its two-hundred day moving average is $27.91.

AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. Research analysts expect that AngloGold Ashanti plc will post 3.83 EPS for the current year.

AngloGold Ashanti Increases Dividend

The business also recently disclosed 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 yield of 2.8%. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.22. The ex-dividend date is Friday, March 14th. AngloGold Ashanti's dividend payout ratio is presently 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.