Fox Run Management L.L.C. acquired a new position in AngloGold Ashanti plc (NYSE:AU - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,136 shares of the mining company's stock, valued at approximately $372,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC raised its stake in shares of AngloGold Ashanti by 39.5% during the 3rd quarter. FMR LLC now owns 10,448,445 shares of the mining company's stock valued at $277,968,000 after buying an additional 2,957,304 shares during the last quarter. Van ECK Associates Corp boosted its position in AngloGold Ashanti by 10.9% in the 4th quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company's stock worth $586,504,000 after purchasing an additional 2,491,130 shares in the last quarter. Ninety One UK Ltd purchased a new stake in AngloGold Ashanti in the 4th quarter worth approximately $45,043,000. TT International Asset Management LTD grew its stake in shares of AngloGold Ashanti by 51.3% during the 3rd 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 period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of AngloGold Ashanti by 159.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,251,492 shares of the mining company's stock valued at $33,327,000 after purchasing an additional 768,363 shares in the last quarter. Institutional investors and hedge funds own 36.09% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Scotiabank raised their price target 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. dropped their target price on 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 restated an "outperform" rating and issued a $36.00 price target 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 given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $34.00.
Read Our Latest Report on AU
AngloGold Ashanti Price Performance
Shares of AU stock traded up $0.82 on Friday, reaching $37.00. 3,919,221 shares of the company were exchanged, compared to its average volume of 2,386,155. The company has a market cap of $15.53 billion, a price-to-earnings ratio of 11.56 and a beta of 0.92. AngloGold Ashanti plc has a 1 year low of $21.65 and a 1 year high of $38.16. The business has a 50-day moving average price of $31.69 and a 200 day moving average price of $28.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73.
AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its 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 business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Equities research analysts forecast that AngloGold Ashanti plc will post 3.83 earnings per share for the current fiscal year.
AngloGold Ashanti Increases Dividend
The firm also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.69 per share. This represents a yield of 2.8%. The ex-dividend date was Friday, March 14th. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.22. AngloGold Ashanti's payout ratio is 43.13%.
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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