Lingohr Asset Management GmbH bought a new position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,570 shares of the mining company's stock, valued at approximately $425,000.
A number of other large investors have also recently bought and sold shares of AU. EverSource Wealth Advisors LLC boosted its holdings in shares of AngloGold Ashanti by 210.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock valued at $27,000 after acquiring an additional 796 shares during the last quarter. R Squared Ltd purchased a new stake in AngloGold Ashanti in the fourth quarter valued at $36,000. Decker Retirement Planning Inc. acquired a new stake in AngloGold Ashanti during the 4th quarter worth about $69,000. SBI Securities Co. Ltd. acquired a new stake in AngloGold Ashanti during the 4th quarter worth about $82,000. Finally, JPMorgan Chase & Co. raised its stake in shares of AngloGold Ashanti by 378.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company's stock valued at $127,000 after buying an additional 3,782 shares during the last quarter. Hedge funds and other institutional investors own 36.09% of the company's stock.
AngloGold Ashanti Price Performance
Shares of AU stock traded down $0.64 during trading hours on Monday, hitting $34.84. 2,183,878 shares of the company's stock were exchanged, compared to its average volume of 2,322,312. AngloGold Ashanti plc has a fifty-two week low of $21.23 and a fifty-two week high of $36.69. The firm has a market cap of $14.62 billion, a P/E ratio of 10.89 and a beta of 0.92. 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 50 day moving average of $30.96 and a two-hundred day moving average of $27.94.
AngloGold Ashanti (NYSE:AU - Get Free Report) last posted 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 business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. Sell-side analysts forecast that AngloGold Ashanti plc will post 3.83 EPS for the current year.
AngloGold Ashanti Increases Dividend
The company also recently announced a semi-annual dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.69 per share. The ex-dividend date is Friday, March 14th. This represents a dividend yield of 2.8%. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.22. AngloGold Ashanti's dividend payout ratio is presently 43.13%.
Wall Street Analysts Forecast Growth
AU has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating for the company in a research report on Friday, December 6th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 target price on shares of AngloGold Ashanti in a report on Thursday, February 20th. Finally, Scotiabank increased their price target on shares of AngloGold Ashanti from $30.00 to $34.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, AngloGold Ashanti has a consensus rating of "Hold" and an average target price of $34.00.
Get Our Latest Analysis on AU
AngloGold Ashanti Company 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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