Korea Investment CORP grew its holdings in AngloGold Ashanti plc (NYSE:AU - Free Report) by 19.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,887 shares of the mining company's stock after acquiring an additional 29,835 shares during the period. Korea Investment CORP's holdings in AngloGold Ashanti were worth $4,170,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in AngloGold Ashanti by 22.9% during the fourth quarter. Vanguard Group Inc. now owns 20,857,324 shares of the mining company's stock worth $467,795,000 after buying an additional 3,882,283 shares during the period. Van ECK Associates Corp lifted its stake in AngloGold Ashanti by 10.9% in the fourth 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 during the last quarter. Carrhae Capital LLP grew its stake in shares of AngloGold Ashanti by 170.0% during the fourth quarter. Carrhae Capital LLP now owns 3,459,193 shares of the mining company's stock valued at $79,838,000 after buying an additional 2,177,783 shares during the last quarter. Ninety One UK Ltd purchased a new stake in shares of AngloGold Ashanti in the fourth quarter worth approximately $45,043,000. Finally, TT International Asset Management LTD boosted its holdings in 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 valued at $75,525,000 after acquiring an additional 962,141 shares during the period. Institutional investors own 36.09% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently commented on AU. 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 research report on Tuesday, February 25th. Royal Bank of Canada raised their target price on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday. Finally, StockNews.com raised shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $35.25.
Read Our Latest Stock Analysis on AngloGold Ashanti
AngloGold Ashanti Price Performance
AU stock traded down $3.43 during mid-day trading on Friday, reaching $33.55. The company's stock had a trading volume of 4,230,630 shares, compared to its average volume of 2,405,522. AngloGold Ashanti plc has a fifty-two week low of $21.65 and a fifty-two week high of $38.63. The stock has a market cap of $14.08 billion, a PE ratio of 10.48 and a beta of 0.81. The company's 50 day moving average is $32.56 and its two-hundred day moving average is $28.47. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46.
AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The mining company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.10). The company had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.75 billion. Equities research analysts expect that AngloGold Ashanti plc will post 3.83 EPS for the current year.
AngloGold Ashanti Increases Dividend
The company also recently declared a semi-annual dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.69 per share. This represents a yield of 2.8%. The ex-dividend date of this dividend 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%.
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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