Deutsche Bank AG increased its position in AngloGold Ashanti plc (NYSE:AU - Free Report) by 58.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,046,670 shares of the mining company's stock after buying an additional 756,801 shares during the quarter. Deutsche Bank AG owned 0.49% of AngloGold Ashanti worth $47,237,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its holdings in AngloGold Ashanti by 9.4% in the 4th quarter. NewEdge Advisors LLC now owns 5,799 shares of the mining company's stock worth $134,000 after buying an additional 500 shares during the period. Sprott Inc. lifted its holdings in AngloGold Ashanti by 0.7% in the 4th quarter. Sprott Inc. now owns 91,168 shares of the mining company's stock worth $2,104,000 after buying an additional 662 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in AngloGold Ashanti by 210.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock worth $27,000 after buying an additional 796 shares during the period. Quadrant Capital Group LLC lifted its holdings in AngloGold Ashanti by 10.5% in the 4th quarter. Quadrant Capital Group LLC now owns 8,860 shares of the mining company's stock worth $204,000 after buying an additional 844 shares during the period. Finally, Rhumbline Advisers lifted its holdings in AngloGold Ashanti by 9.3% in the 4th quarter. Rhumbline Advisers now owns 10,745 shares of the mining company's stock worth $248,000 after buying an additional 910 shares during the period. 36.09% of the stock is owned by hedge funds and other institutional investors.
AngloGold Ashanti Stock Performance
Shares of AngloGold Ashanti stock opened at $41.22 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $17.30 billion, a P/E ratio of 12.88 and a beta of 0.48. The business has a fifty day simple moving average of $38.20 and a two-hundred day simple moving average of $31.03. AngloGold Ashanti plc has a 12 month low of $22.13 and a 12 month high of $46.90.
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 company had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.84 billion. On average, equities analysts forecast that AngloGold Ashanti plc will post 3.83 earnings per share for the current fiscal year.
AngloGold Ashanti Increases Dividend
The business also recently declared a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.69 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a dividend yield of 2.8%. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.22. AngloGold Ashanti's dividend payout ratio is presently 43.13%.
Analysts Set New Price Targets
Several research firms have weighed in on AU. JPMorgan Chase & Co. increased their price objective on AngloGold Ashanti from $33.00 to $53.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. Royal Bank of Canada boosted their price target on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. StockNews.com upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Scotiabank boosted their price target on shares of AngloGold Ashanti from $42.00 to $43.50 and gave the company a "sector perform" rating in a research report on Monday. Finally, HSBC reiterated a "reduce" rating and set a $35.00 price target on shares of AngloGold Ashanti in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $41.30.
Check Out Our Latest Report 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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