Gabelli Funds LLC Has $12.93 Million Stake in AngloGold Ashanti plc (NYSE:AU)

Gabelli Funds LLC lifted its stake in AngloGold Ashanti plc (NYSE:AU - Free Report) by 100.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 560,417 shares of the mining company's stock after purchasing an additional 281,117 shares during the period. Gabelli Funds LLC owned 0.13% of AngloGold Ashanti worth $12,934,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Whittier Trust Co. acquired a new stake in shares of AngloGold Ashanti during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its holdings 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 acquiring an additional 796 shares during the period. Nomura Asset Management Co. Ltd. bought a new stake in shares of AngloGold Ashanti during the 4th quarter valued at $32,000. R Squared Ltd acquired a new position in shares of AngloGold Ashanti in the 4th quarter valued at $36,000. Finally, Decker Retirement Planning Inc. bought a new position in shares of AngloGold Ashanti in the 4th quarter worth $69,000. Institutional investors own 36.09% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AU. StockNews.com upgraded AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Scotiabank increased their price target on shares of AngloGold Ashanti from $34.00 to $42.00 and gave the company a "sector perform" rating in a research report on Monday. Finally, Royal Bank of Canada lifted their price objective on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, AngloGold Ashanti currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.25.

AngloGold Ashanti Trading Up 4.5 %

NYSE:AU opened at $45.80 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. The business's 50-day simple moving average is $34.26 and its 200-day simple moving average is $29.18. AngloGold Ashanti plc has a fifty-two week low of $21.65 and a fifty-two week high of $46.90. The stock has a market capitalization of $19.22 billion, a PE ratio of 14.31 and a beta of 0.81.

AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.10). The business had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.75 billion. Sell-side analysts expect that AngloGold Ashanti plc will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Increases Dividend

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

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