Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 131,969 shares of the mining company's stock, valued at approximately $3,046,000.
A number of other institutional investors have also made changes to their positions in AU. JPMorgan Chase & Co. grew its position in shares of AngloGold Ashanti by 378.2% during the third quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company's stock worth $127,000 after buying an additional 3,782 shares in the last quarter. TT International Asset Management LTD lifted its position in shares of AngloGold Ashanti by 51.3% during 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. Raymond James Financial Inc. acquired a new position in AngloGold Ashanti in the fourth quarter worth about $406,000. Charles Schwab Investment Management Inc. increased its holdings in 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 last quarter. Finally, Van ECK Associates Corp grew its position in shares of 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 acquiring an additional 2,491,130 shares in the last quarter. 36.09% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Royal Bank of Canada raised their price objective on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. StockNews.com raised shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Finally, Scotiabank increased their price objective on shares of AngloGold Ashanti from $30.00 to $34.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $35.25.
Get Our Latest Stock Report on AngloGold Ashanti
AngloGold Ashanti Stock Performance
AU stock traded up $3.99 during trading on Friday, reaching $42.84. 6,968,713 shares of the company's stock were exchanged, compared to its average volume of 2,430,831. AngloGold Ashanti plc has a 1-year low of $21.65 and a 1-year high of $43.23. The firm has a market cap of $17.98 billion, a PE ratio of 13.39 and a beta of 0.81. The company's fifty day moving average price is $33.51 and its 200-day moving average price is $28.85. 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 (NYSE:AU - Get Free Report) last released its earnings results on Wednesday, February 19th. The mining company reported $0.89 EPS 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 analysts' expectations of $1.75 billion. On average, research analysts expect 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 was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.69 dividend. This represents a dividend yield of 2.8%. The ex-dividend date was Friday, March 14th. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.22. AngloGold Ashanti's payout ratio is currently 43.13%.
AngloGold Ashanti Profile
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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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