Raymond James Financial Inc. purchased a new stake in AngloGold Ashanti plc (NYSE:AU - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 17,573 shares of the mining company's stock, valued at approximately $406,000.
Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of AngloGold Ashanti by 297.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 259,120 shares of the mining company's stock worth $6,900,000 after purchasing an additional 193,992 shares during the last quarter. Verition Fund Management LLC bought a new stake in AngloGold Ashanti during the 3rd quarter worth about $630,000. Point72 Asset Management L.P. acquired a new stake in AngloGold Ashanti in the 3rd quarter valued at about $2,446,000. Quantinno Capital Management LP raised its stake 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 worth $695,000 after acquiring an additional 1,508 shares during the last quarter. Finally, State Street Corp lifted its position in shares of AngloGold Ashanti by 546.2% during the third quarter. State Street Corp now owns 211,826 shares of the mining company's stock worth $5,641,000 after purchasing an additional 179,045 shares in the last quarter. 36.09% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the stock. Scotiabank boosted 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 report on Tuesday, February 25th. Royal Bank of Canada upped their price target on AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Finally, StockNews.com upgraded AngloGold Ashanti from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $35.25.
Check Out Our Latest Research Report on AngloGold Ashanti
AngloGold Ashanti Trading Up 10.3 %
AU traded up $3.99 during midday trading on Friday, reaching $42.84. 6,968,713 shares of the company were exchanged, compared to its average volume of 2,430,831. The stock has a market capitalization of $17.98 billion, a P/E ratio of 13.39 and a beta of 0.81. AngloGold Ashanti plc has a one year low of $21.65 and a one year high of $43.23. The stock's 50-day simple moving average is $33.51 and its 200 day simple moving average is $28.85. 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 released its quarterly earnings data on Wednesday, February 19th. The mining company reported $0.89 earnings per share for the quarter, missing the consensus estimate 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. As a group, analysts forecast that AngloGold Ashanti plc will post 3.83 earnings per share for the current fiscal year.
AngloGold Ashanti Increases Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.69 per share. This represents a yield of 2.8%. The ex-dividend date was Friday, March 14th. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.22. AngloGold Ashanti's dividend payout ratio (DPR) is presently 43.13%.
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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