National Bank of Canada FI purchased a new stake in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 880,018 shares of the mining company's stock, valued at approximately $20,311,000. National Bank of Canada FI owned 0.21% of AngloGold Ashanti at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of AngloGold Ashanti by 297.9% during the 3rd 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of AngloGold Ashanti by 159.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,251,492 shares of the mining company's stock worth $33,327,000 after buying an additional 768,363 shares in the last quarter. Verition Fund Management LLC bought a new stake in AngloGold Ashanti in the 3rd quarter worth approximately $630,000. Point72 Asset Management L.P. bought a new position in shares of AngloGold Ashanti during the 3rd quarter valued at approximately $2,446,000. Finally, Quantinno Capital Management LP grew its holdings in shares of AngloGold Ashanti by 6.1% in the third quarter. Quantinno Capital Management LP now owns 26,080 shares of the mining company's stock valued at $695,000 after purchasing an additional 1,508 shares in the last quarter. 36.09% of the stock is owned by hedge funds and other institutional investors.
AngloGold Ashanti Trading Up 3.1 %
AngloGold Ashanti stock traded up $1.04 during trading hours on Tuesday, hitting $34.40. The company had a trading volume of 1,045,033 shares, compared to its average volume of 2,584,749. The firm has a market cap of $14.44 billion, a P/E ratio of 10.74 and a beta of 0.81. The company has a 50-day moving average price of $32.67 and a two-hundred day moving average price of $28.51. AngloGold Ashanti plc has a 1 year low of $21.65 and a 1 year high of $38.63. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73.
AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly 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 firm had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.75 billion. On average, sell-side analysts anticipate that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.
AngloGold Ashanti Increases Dividend
The business also recently declared a semi-annual dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.69 dividend. The ex-dividend date was Friday, March 14th. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.22. This represents a dividend yield of 2.8%. AngloGold Ashanti's dividend payout ratio (DPR) is currently 43.13%.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Royal Bank of Canada boosted 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. StockNews.com upgraded AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Finally, Scotiabank lifted 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 equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, AngloGold Ashanti currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.25.
View Our Latest Analysis on AngloGold Ashanti
AngloGold Ashanti Company 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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