Point72 Hong Kong Ltd Sells 48,094 Shares of AngloGold Ashanti plc (NYSE:AU)

Point72 Hong Kong Ltd reduced its holdings in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) by 73.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 17,179 shares of the mining company's stock after selling 48,094 shares during the period. Point72 Hong Kong Ltd's holdings in AngloGold Ashanti were worth $396,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. 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 buying an additional 2,491,130 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of AngloGold Ashanti by 22.9% in the fourth quarter. Vanguard Group Inc. now owns 20,857,324 shares of the mining company's stock valued at $467,795,000 after purchasing an additional 3,882,283 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of AngloGold Ashanti by 274.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,133,744 shares of the mining company's stock valued at $118,448,000 after purchasing an additional 3,764,165 shares during the period. Carrhae Capital LLP boosted its stake in shares of AngloGold Ashanti by 170.0% in 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 period. Finally, Marshall Wace LLP raised its holdings in AngloGold Ashanti by 3,767.1% in the fourth quarter. Marshall Wace LLP now owns 2,751,410 shares of the mining company's stock valued at $63,503,000 after acquiring an additional 2,680,261 shares in the last quarter. 36.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. HSBC restated a "reduce" rating and issued a $35.00 price target on shares of AngloGold Ashanti in a research report on Thursday, April 17th. JPMorgan Chase & Co. raised their target price on shares of AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. StockNews.com upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Scotiabank raised their target price on shares of AngloGold Ashanti from $42.00 to $43.50 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Finally, Royal Bank of Canada raised their target price on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $41.30.

AngloGold Ashanti Stock Up 2.8%

NYSE:AU traded up $1.19 during trading hours on Tuesday, reaching $43.37. 2,198,007 shares of the stock were exchanged, compared to its average volume of 2,583,298. AngloGold Ashanti plc has a twelve month low of $22.13 and a twelve month high of $46.90. The stock has a market cap of $18.20 billion, a PE ratio of 14.27 and a beta of 0.48. 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 50 day moving average of $38.94 and a 200 day moving average of $31.39.

AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The mining company reported $0.88 earnings per share for the quarter. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.84 billion. On average, equities analysts expect 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. 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 dividend payout ratio is 16.45%.

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.