Oaktree Capital Management LP cut its holdings in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,557,551 shares of the mining company's stock after selling 99,900 shares during the quarter. AngloGold Ashanti comprises 2.3% of Oaktree Capital Management LP's investment portfolio, making the stock its 7th largest holding. Oaktree Capital Management LP owned approximately 1.32% of AngloGold Ashanti worth $128,268,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of AU. Van ECK Associates Corp grew its holdings in shares of AngloGold Ashanti by 10.9% during the 4th 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 in the last quarter. Vanguard Group Inc. lifted 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 purchasing an additional 3,882,283 shares during the period. FMR LLC boosted its holdings in AngloGold Ashanti by 39.5% during the third quarter. FMR LLC now owns 10,448,445 shares of the mining company's stock valued at $277,968,000 after purchasing an additional 2,957,304 shares in the last quarter. Carrhae Capital LLP grew its stake in shares of AngloGold Ashanti by 170.0% in the 4th quarter. Carrhae Capital LLP now owns 3,459,193 shares of the mining company's stock valued at $79,838,000 after purchasing an additional 2,177,783 shares during the period. Finally, TT International Asset Management LTD grew its position in AngloGold Ashanti by 51.3% in the third 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. 36.09% of the stock is owned by institutional investors.
AngloGold Ashanti Stock Performance
AU stock traded down $0.39 during mid-day trading on Thursday, hitting $37.21. 1,610,630 shares of the company were exchanged, compared to its average volume of 2,554,713. AngloGold Ashanti plc has a 1-year low of $21.65 and a 1-year high of $38.63. The business has a 50 day simple moving average of $32.28 and a 200-day simple moving average of $28.36. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $15.62 billion, a PE ratio of 11.63 and a beta of 0.92.
AngloGold Ashanti (NYSE:AU - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.10). The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. On average, equities analysts forecast that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.
AngloGold Ashanti Increases Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.69 dividend. This represents a yield of 2.8%. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.22. The ex-dividend date of this dividend was Friday, March 14th. AngloGold Ashanti's dividend payout ratio (DPR) is 43.13%.
Analyst Ratings Changes
Several research firms have recently weighed in on AU. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price objective on shares of AngloGold Ashanti in a report on Thursday, February 20th. JPMorgan Chase & Co. lowered their price target on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating for the company in a report on Friday, December 6th. Finally, Scotiabank increased their target price on 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, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $34.00.
View Our Latest Stock Analysis on AngloGold Ashanti
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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