First Eagle Investment Management LLC decreased its position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,517,132 shares of the mining company's stock after selling 7,768 shares during the quarter. First Eagle Investment Management LLC owned 0.60% of AngloGold Ashanti worth $58,095,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp grew its holdings in shares of AngloGold Ashanti by 10.9% during the fourth quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company's stock valued at $586,504,000 after buying an additional 2,491,130 shares during the last quarter. FMR LLC boosted its holdings in AngloGold Ashanti by 39.5% in 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. TT International Asset Management LTD boosted its holdings in AngloGold Ashanti by 51.3% in the third quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company's stock worth $75,525,000 after purchasing an additional 962,141 shares during the last quarter. Ninety One UK Ltd purchased a new stake in AngloGold Ashanti in the fourth quarter worth approximately $45,043,000. Finally, Allianz Asset Management GmbH boosted its holdings in AngloGold Ashanti by 39.0% in the fourth quarter. Allianz Asset Management GmbH now owns 1,934,603 shares of the mining company's stock worth $44,651,000 after purchasing an additional 542,463 shares during the last quarter. Hedge funds and other institutional investors own 36.09% of the company's stock.
Wall Street Analysts Forecast Growth
AU has been the topic of several research reports. Scotiabank raised their target price on shares of 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 issued 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 issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, AngloGold Ashanti presently has an average rating of "Hold" and an average price target of $34.00.
Get Our Latest Stock Report on AngloGold Ashanti
AngloGold Ashanti Stock Performance
AU traded up $1.21 during trading on Tuesday, hitting $34.20. The company's stock had a trading volume of 3,243,478 shares, compared to its average volume of 2,310,760. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. AngloGold Ashanti plc has a one year low of $20.05 and a one year high of $34.71. The firm has a market cap of $14.35 billion, a PE ratio of 10.69 and a beta of 0.92. The business's 50 day simple moving average is $29.96 and its 200-day simple moving average is $27.72.
AngloGold Ashanti (NYSE:AU - Get Free Report) last released its quarterly earnings results 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 business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. As a group, sell-side analysts predict that AngloGold Ashanti plc will post 3.83 EPS for the current fiscal year.
AngloGold Ashanti Increases Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.69 per share. This represents a dividend yield of 2.8%. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.22. The ex-dividend date of this dividend is Friday, March 14th. AngloGold Ashanti's dividend payout ratio (DPR) is presently 43.13%.
About AngloGold Ashanti
(
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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