Rakuten Securities Inc. Raises Stock Position in AngloGold Ashanti plc (NYSE:AU)

Rakuten Securities Inc. grew its position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) by 76,471.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,720 shares of the mining company's stock after buying an additional 10,706 shares during the quarter. Rakuten Securities Inc.'s holdings in AngloGold Ashanti were worth $247,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. FMR LLC raised its holdings in AngloGold Ashanti by 39.5% during the 3rd quarter. FMR LLC now owns 10,448,445 shares of the mining company's stock valued at $277,968,000 after acquiring an additional 2,957,304 shares during the period. Van ECK Associates Corp raised its holdings in 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 valued at $586,504,000 after acquiring an additional 2,491,130 shares during the period. Ninety One UK Ltd purchased a new position in shares of AngloGold Ashanti during the 4th quarter valued at $45,043,000. TT International Asset Management LTD grew its position in shares of AngloGold Ashanti by 51.3% during the 3rd quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company's stock valued at $75,525,000 after purchasing an additional 962,141 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of AngloGold Ashanti by 159.0% during the 3rd 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 valued at $33,327,000 after purchasing an additional 768,363 shares in the last quarter. Institutional investors own 36.09% of the company's stock.

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AngloGold Ashanti Trading Down 0.6 %

Shares of NYSE:AU traded down $0.20 during midday trading on Friday, hitting $32.27. 2,835,450 shares of the stock traded hands, compared to its average volume of 2,305,698. The stock has a market capitalization of $13.54 billion, a PE ratio of 10.08 and a beta of 0.92. The business's 50 day moving average is $29.77 and its two-hundred day moving average is $27.70. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. AngloGold Ashanti plc has a one year low of $20.05 and a one year high of $33.77.

AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $1.75 billion. As a group, research analysts forecast that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.69 dividend. This represents a yield of 2.8%. The ex-dividend date is Friday, March 14th. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.22. AngloGold Ashanti's dividend payout ratio is 43.13%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating for the company in a research report on Friday, December 6th. Scotiabank boosted their price target on shares of AngloGold Ashanti from $30.00 to $34.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 target price on shares of AngloGold Ashanti in a research report on Thursday, February 20th. 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $34.00.

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.