Royal London Asset Management Ltd. bought a new position in AngloGold Ashanti plc (NYSE:AU - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 446,157 shares of the mining company's stock, valued at approximately $10,297,000. Royal London Asset Management Ltd. owned about 0.11% of AngloGold Ashanti at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Sprott Inc. grew its stake in shares of AngloGold Ashanti by 0.7% during the fourth quarter. Sprott Inc. now owns 91,168 shares of the mining company's stock valued at $2,104,000 after buying an additional 662 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in AngloGold Ashanti by 210.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock valued at $27,000 after acquiring an additional 796 shares during the period. Rhumbline Advisers grew its position in AngloGold Ashanti by 9.3% during the 4th quarter. Rhumbline Advisers now owns 10,745 shares of the mining company's stock worth $248,000 after acquiring an additional 910 shares during the last quarter. Blue Trust Inc. increased its stake in AngloGold Ashanti by 17.6% in the 4th quarter. Blue Trust Inc. now owns 7,043 shares of the mining company's stock worth $163,000 after purchasing an additional 1,052 shares during the period. Finally, Cigna Investments Inc. New lifted its position in AngloGold Ashanti by 17.0% in the fourth quarter. Cigna Investments Inc. New now owns 9,581 shares of the mining company's stock valued at $214,000 after purchasing an additional 1,390 shares during the last quarter. Hedge funds and other institutional investors own 36.09% of the company's stock.
AngloGold Ashanti Trading Up 2.5 %
Shares of AngloGold Ashanti stock traded up $0.87 during midday trading on Tuesday, reaching $35.73. 716,298 shares of the company's stock traded hands, compared to its average volume of 2,321,706. The stock has a 50 day moving average of $30.96 and a 200-day moving average of $27.94. AngloGold Ashanti plc has a 12 month low of $21.23 and a 12 month high of $36.69. The company has a market cap of $15.00 billion, a PE ratio of 11.17 and a beta of 0.92. 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 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 business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. As a group, equities analysts expect 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 will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.69 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.22. This represents a yield of 2.8%. AngloGold Ashanti's dividend payout ratio (DPR) is 43.13%.
Analyst Ratings Changes
Several brokerages have recently issued reports on AU. JPMorgan Chase & Co. cut their target price on shares of AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating on the stock in a report on Friday, December 6th. Scotiabank increased 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 restated an "outperform" rating and issued a $36.00 price objective on shares of AngloGold Ashanti in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $34.00.
Check Out Our Latest Research Report on AU
AngloGold Ashanti 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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