Trexquant Investment LP acquired a new stake in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 68,981 shares of the mining company's stock, valued at approximately $1,592,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of AU. Vanguard Group Inc. lifted its holdings in AngloGold Ashanti by 22.9% during the 4th 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. Van ECK Associates Corp boosted its holdings 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 worth $586,504,000 after purchasing an additional 2,491,130 shares during the period. Carrhae Capital LLP increased its stake 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 purchasing an additional 2,177,783 shares during the last quarter. Ninety One UK Ltd acquired a new stake in shares of AngloGold Ashanti during the fourth quarter worth $45,043,000. Finally, TT International Asset Management LTD lifted its position in shares of AngloGold Ashanti by 51.3% in the 3rd 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. 36.09% of the stock is currently owned by hedge funds and other institutional investors.
AngloGold Ashanti Stock Performance
Shares of NYSE:AU traded down $0.20 on Monday, hitting $42.59. The company's stock had a trading volume of 3,108,860 shares, compared to its average volume of 2,434,269. AngloGold Ashanti plc has a 12 month low of $21.65 and a 12 month high of $43.23. The stock's 50-day moving average is $33.51 and its two-hundred day 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. The company has a market capitalization of $17.88 billion, a price-to-earnings ratio of 13.31 and a beta of 0.81.
AngloGold Ashanti (NYSE:AU - Get Free Report) last released its earnings results 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 analysts' expectations of $1.75 billion. On average, equities research analysts forecast that AngloGold Ashanti plc will post 3.83 EPS for the current year.
AngloGold Ashanti Increases Dividend
The company also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.69 per share. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.22. The ex-dividend date was Friday, March 14th. This represents a yield of 2.8%. AngloGold Ashanti's payout ratio is presently 43.13%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on AU shares. Scotiabank increased their price target on AngloGold Ashanti from $34.00 to $42.00 and gave the stock a "sector perform" rating in a research report on Monday. StockNews.com upgraded AngloGold Ashanti from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Finally, Royal Bank of Canada upped their price target on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, AngloGold Ashanti currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.25.
Get Our Latest Report on AU
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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