Townsquare Capital LLC bought a new stake in AngloGold Ashanti plc (NYSE:AU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,943 shares of the mining company's stock, valued at approximately $229,000.
A number of other large investors also recently made changes to their positions in AU. Van ECK Associates Corp grew its stake in 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 in the last quarter. Vanguard Group Inc. increased its holdings in AngloGold Ashanti by 22.9% in the fourth quarter. Vanguard Group Inc. now owns 20,857,324 shares of the mining company's stock worth $467,795,000 after buying an additional 3,882,283 shares during the last quarter. Carrhae Capital LLP raised its position in AngloGold Ashanti by 170.0% during the fourth quarter. Carrhae Capital LLP now owns 3,459,193 shares of the mining company's stock valued at $79,838,000 after acquiring an additional 2,177,783 shares in the last quarter. Invesco Ltd. raised its position in AngloGold Ashanti by 19.2% during the fourth quarter. Invesco Ltd. now owns 1,997,925 shares of the mining company's stock valued at $46,112,000 after acquiring an additional 321,951 shares in the last quarter. Finally, Ninety One UK Ltd acquired a new stake in AngloGold Ashanti in the fourth quarter valued at approximately $45,043,000. Institutional investors and hedge funds own 36.09% of the company's stock.
AngloGold Ashanti Price Performance
Shares of NYSE:AU opened at $43.15 on Wednesday. The company has a market cap of $18.11 billion, a price-to-earnings ratio of 13.48 and a beta of 0.81. The business has a 50 day moving average price of $35.07 and a 200 day moving average price of $29.66. 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 twelve month low of $21.66 and a twelve month high of $46.90.
AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. Research analysts predict that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.
AngloGold Ashanti Increases Dividend
The business also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.69 per share. The ex-dividend date was Friday, March 14th. This represents a dividend yield of 2.8%. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.22. AngloGold Ashanti's dividend payout ratio is currently 43.13%.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on AU shares. Royal Bank of Canada raised their price target on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, April 4th. HSBC reaffirmed a "reduce" rating and issued a $35.00 price target on shares of AngloGold Ashanti in a research report on Thursday, April 17th. StockNews.com raised AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Finally, Scotiabank upped their target price on AngloGold Ashanti from $34.00 to $42.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.80.
Read Our Latest Stock Analysis on AngloGold Ashanti
About AngloGold Ashanti
(
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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