Swiss National Bank raised its stake in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) by 20.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,143,283 shares of the mining company's stock after buying an additional 190,782 shares during the period. Swiss National Bank owned 0.27% of AngloGold Ashanti worth $25,516,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the stock. Chesapeake Capital Corp IL grew its position in shares of AngloGold Ashanti by 18.9% in the third quarter. Chesapeake Capital Corp IL now owns 16,770 shares of the mining company's stock valued at $464,000 after purchasing an additional 2,670 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in AngloGold Ashanti by 95.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 247,292 shares of the mining company's stock valued at $6,585,000 after purchasing an additional 120,844 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in AngloGold Ashanti by 297.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 259,120 shares of the mining company's stock valued at $6,900,000 after buying an additional 193,992 shares during the last quarter. Qsemble Capital Management LP acquired a new position in shares of AngloGold Ashanti during the third quarter worth approximately $368,000. Finally, FMR LLC boosted its position in shares of AngloGold Ashanti by 39.5% in the third 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. Institutional investors and hedge funds own 36.09% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently commented on AU shares. Scotiabank upped their target price on shares of AngloGold Ashanti from $30.00 to $34.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 25th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price objective on shares of AngloGold Ashanti in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. lowered their price target on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating on the stock in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $34.00.
Check Out Our Latest Research Report on AU
AngloGold Ashanti Price Performance
Shares of AngloGold Ashanti stock traded down $1.07 during midday trading on Friday, hitting $35.43. 2,655,118 shares of the company were exchanged, compared to its average volume of 2,323,090. The firm has a 50 day simple moving average of $30.59 and a 200-day simple moving average of $27.87. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. The firm has a market cap of $14.87 billion, a P/E ratio of 11.07 and a beta of 0.92. AngloGold Ashanti plc has a 52 week low of $20.46 and a 52 week high of $36.69.
AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.89 earnings per share (EPS) 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 analysts' expectations of $1.75 billion. 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 declared a semi-annual dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.69 per share. This represents a yield of 2.8%. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.22. The ex-dividend date is Friday, March 14th. AngloGold Ashanti's dividend payout ratio (DPR) is currently 43.13%.
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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