Pictet Asset Management Holding SA Purchases 67,036 Shares of AngloGold Ashanti plc (NYSE:AU)

Pictet Asset Management Holding SA raised its position in AngloGold Ashanti plc (NYSE:AU - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 495,000 shares of the mining company's stock after buying an additional 67,036 shares during the quarter. Pictet Asset Management Holding SA owned about 0.12% of AngloGold Ashanti worth $11,052,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. acquired a new position in AngloGold Ashanti during the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC boosted 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 valued at $27,000 after buying an additional 796 shares in the last quarter. Nomura Asset Management Co. Ltd. bought a new stake in shares of AngloGold Ashanti during the fourth quarter worth $32,000. R Squared Ltd acquired a new position in shares of AngloGold Ashanti during the fourth quarter worth $36,000. Finally, Decker Retirement Planning Inc. bought a new position in shares of AngloGold Ashanti in the 4th quarter valued at $69,000. 36.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Scotiabank upped their target price on AngloGold Ashanti from $30.00 to $34.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 25th. StockNews.com upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Royal Bank of Canada upped their price target on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday. One investment 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $35.25.

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AngloGold Ashanti Trading Down 0.7 %

Shares of NYSE:AU traded down $0.24 during trading on Monday, reaching $33.31. The stock had a trading volume of 3,234,289 shares, compared to its average volume of 2,408,824. AngloGold Ashanti plc has a 52 week low of $21.65 and a 52 week 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. The firm's fifty day moving average is $32.67 and its 200 day moving average is $28.51. The stock has a market cap of $13.98 billion, a price-to-earnings ratio of 10.41 and a beta of 0.81.

AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.10). The business had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.75 billion. As a group, equities analysts forecast that AngloGold Ashanti plc will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.69 per share. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.22. The ex-dividend date of this dividend was Friday, March 14th. This represents a dividend yield of 2.8%. AngloGold Ashanti's dividend payout ratio (DPR) is 43.13%.

About AngloGold Ashanti

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.