Concentric Capital Strategies LP bought a new position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 159,914 shares of the mining company's stock, valued at approximately $3,691,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new stake in AngloGold Ashanti during the fourth quarter worth about $7,116,000. Ameriprise Financial Inc. increased its stake in shares of AngloGold Ashanti by 13.1% during the 4th quarter. Ameriprise Financial Inc. now owns 12,135 shares of the mining company's stock worth $280,000 after purchasing an additional 1,402 shares during the last quarter. AXA S.A. raised its holdings in shares of AngloGold Ashanti by 30.6% in the 4th quarter. AXA S.A. now owns 345,300 shares of the mining company's stock worth $7,970,000 after purchasing an additional 80,975 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in AngloGold Ashanti in the fourth quarter valued at approximately $418,000. Finally, Paloma Partners Management Co bought a new position in AngloGold Ashanti during the fourth quarter valued at $288,000. 36.09% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on AU. JPMorgan Chase & Co. upped their price target on AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. HSBC reaffirmed a "reduce" rating and set a $35.00 price objective on shares of AngloGold Ashanti in a report on Thursday, April 17th. Royal Bank of Canada lifted their target price on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Scotiabank upped their price target on shares of AngloGold Ashanti from $34.00 to $42.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Finally, StockNews.com raised shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $41.00.
View Our Latest Report on AU
AngloGold Ashanti Price Performance
Shares of AU stock traded up $2.88 during trading hours on Friday, reaching $44.75. The stock had a trading volume of 4,038,798 shares, compared to its average volume of 2,519,509. The stock's fifty day simple moving average is $37.82 and its 200 day simple moving average is $30.87. The firm has a market capitalization of $18.78 billion, a PE ratio of 13.98 and a beta of 0.48. AngloGold Ashanti plc has a 12 month low of $22.13 and a 12 month high of $46.90. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46.
AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its earnings results on Friday, May 9th. The mining company reported $0.88 earnings per share (EPS) for the quarter. The firm had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.84 billion. On average, equities research analysts predict that AngloGold Ashanti plc will post 3.83 EPS for the current year.
AngloGold Ashanti Increases Dividend
The firm also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.69 dividend. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.22. This represents a yield of 2.8%. The ex-dividend date was Friday, March 14th. AngloGold Ashanti's dividend payout ratio is currently 43.13%.
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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