Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Makes New Investment in AngloGold Ashanti plc (NYSE:AU)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 25,000 shares of the mining company's stock, valued at approximately $562,000. AngloGold Ashanti accounts for approximately 0.8% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s portfolio, making the stock its 14th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of AngloGold Ashanti by 378.2% in the third quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company's stock worth $127,000 after acquiring an additional 3,782 shares in the last quarter. TT International Asset Management LTD increased its position in AngloGold Ashanti by 51.3% during the third quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company's stock worth $75,525,000 after buying an additional 962,141 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of AngloGold Ashanti by 297.9% during 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 acquiring an additional 193,992 shares during the last quarter. Van ECK Associates Corp raised its position in shares of AngloGold Ashanti by 10.9% in 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. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in AngloGold Ashanti by 1,504.8% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 391,715 shares of the mining company's stock worth $10,419,000 after acquiring an additional 367,306 shares during the period. 36.09% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several research analysts have commented on AU shares. Scotiabank lifted their price target on AngloGold Ashanti from $30.00 to $34.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their target price on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating on the stock in a research report on Friday, December 6th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 price target on shares of AngloGold Ashanti in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $34.00.

AngloGold Ashanti Price Performance

Shares of AngloGold Ashanti stock traded up $0.04 during trading on Wednesday, hitting $37.52. 1,377,737 shares of the company's stock traded hands, compared to its average volume of 2,395,802. AngloGold Ashanti plc has a twelve month low of $21.65 and a twelve month high of $38.63. The company has a market cap of $15.75 billion, a PE ratio of 11.73 and a beta of 0.92. The firm's fifty day moving average price is $32.08 and its 200 day moving average price is $28.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14.

AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its earnings results 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 firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. 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 was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.69 dividend. The ex-dividend date was Friday, March 14th. This represents a yield of 2.8%. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.22. AngloGold Ashanti's payout ratio is currently 43.13%.

AngloGold Ashanti Company Profile

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.