Legal & General Group Plc decreased its holdings in AngloGold Ashanti plc (NYSE:AU - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,706,591 shares of the mining company's stock after selling 683,851 shares during the quarter. Legal & General Group Plc owned 1.12% of AngloGold Ashanti worth $105,620,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Whittier Trust Co. bought a new position in AngloGold Ashanti during the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC raised its position in AngloGold Ashanti by 210.6% in the fourth 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 in the last quarter. Nomura Asset Management Co. Ltd. acquired a new stake in AngloGold Ashanti in the 4th quarter valued at about $32,000. R Squared Ltd bought a new position in shares of AngloGold Ashanti during the 4th quarter valued at about $36,000. Finally, Decker Retirement Planning Inc. acquired a new position in shares of AngloGold Ashanti in the 4th quarter worth approximately $69,000. 36.09% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have issued reports on AU. Royal Bank of Canada lifted their price target on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Scotiabank increased their price target on AngloGold Ashanti from $34.00 to $42.00 and gave the company a "sector perform" rating in a research report on Monday. Finally, StockNews.com raised shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.25.
Check Out Our Latest Analysis on AU
AngloGold Ashanti Stock Up 4.7 %
Shares of AU traded up $2.05 during trading hours on Wednesday, reaching $45.88. The company's stock had a trading volume of 2,259,685 shares, compared to its average volume of 2,772,893. The company has a 50 day moving average of $33.97 and a two-hundred day moving average of $29.06. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. The firm has a market cap of $19.26 billion, a price-to-earnings ratio of 14.34 and a beta of 0.81. AngloGold Ashanti plc has a 1-year low of $21.65 and a 1-year high of $46.90.
AngloGold Ashanti (NYSE:AU - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $1.75 billion. As a group, research analysts predict that AngloGold Ashanti plc will post 3.83 EPS for the current fiscal year.
AngloGold Ashanti Increases Dividend
The company also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.69 dividend. The ex-dividend date was Friday, March 14th. This represents a yield of 2.8%. This is an increase 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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