Quantessence Capital LLC purchased a new stake in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 143,404 shares of the mining company's stock, valued at approximately $3,310,000. AngloGold Ashanti makes up 1.4% of Quantessence Capital LLC's holdings, making the stock its 18th biggest holding.
A number of other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of AngloGold Ashanti by 378.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company's stock valued at $127,000 after acquiring an additional 3,782 shares during the last quarter. Raymond James Financial Inc. bought a new stake in AngloGold Ashanti during the fourth quarter worth approximately $406,000. Van ECK Associates Corp raised its position in AngloGold Ashanti by 10.9% during the fourth quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company's stock valued at $586,504,000 after purchasing an additional 2,491,130 shares during the period. Ninety One UK Ltd bought a new stake in shares of AngloGold Ashanti in the 4th quarter valued at approximately $45,043,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of AngloGold Ashanti by 47.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 381,627 shares of the mining company's stock worth $8,808,000 after purchasing an additional 122,507 shares during the period. Institutional investors own 36.09% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently weighed in on AU shares. StockNews.com upgraded AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Scotiabank increased their target price on shares of AngloGold Ashanti from $34.00 to $42.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. 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 note on Friday, April 4th. Finally, HSBC reiterated a "reduce" rating and set a $35.00 price target on shares of AngloGold Ashanti in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $36.80.
Read Our Latest Analysis on AU
AngloGold Ashanti Trading Down 2.5 %
Shares of AU traded down $1.01 during trading hours on Friday, reaching $39.55. 2,550,384 shares of the company traded hands, compared to its average volume of 2,490,540. The stock's fifty day moving average price is $35.40 and its 200 day moving average price is $29.84. 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 firm has a market cap of $16.60 billion, a price-to-earnings ratio of 12.36 and a beta of 0.81. AngloGold Ashanti plc has a 12-month low of $22.13 and a 12-month high of $46.90.
AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its 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 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 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. Shareholders of record on Friday, March 14th were issued a dividend of $0.69 per share. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.22. This represents a yield of 2.8%. The ex-dividend date was Friday, March 14th. AngloGold Ashanti's dividend payout ratio (DPR) is presently 43.13%.
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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