Envestnet Asset Management Inc. Has $384,000 Stock Holdings in AngloGold Ashanti plc (NYSE:AU)

Envestnet Asset Management Inc. lowered its position in AngloGold Ashanti plc (NYSE:AU - Free Report) by 42.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,642 shares of the mining company's stock after selling 12,292 shares during the quarter. Envestnet Asset Management Inc.'s holdings in AngloGold Ashanti were worth $384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sprott Inc. grew its position in shares of AngloGold Ashanti by 0.7% in the 4th quarter. Sprott Inc. now owns 91,168 shares of the mining company's stock valued at $2,104,000 after buying an additional 662 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of AngloGold Ashanti by 210.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock worth $27,000 after acquiring an additional 796 shares during the period. Rhumbline Advisers boosted its holdings in AngloGold Ashanti by 9.3% in the fourth quarter. Rhumbline Advisers now owns 10,745 shares of the mining company's stock valued at $248,000 after acquiring an additional 910 shares during the last quarter. Blue Trust Inc. increased its position in AngloGold Ashanti by 17.6% during the 4th quarter. Blue Trust Inc. now owns 7,043 shares of the mining company's stock valued at $163,000 after purchasing an additional 1,052 shares during the period. Finally, Whittier Trust Co. bought a new position in AngloGold Ashanti during the 4th quarter worth approximately $25,000. Institutional investors and hedge funds own 36.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Scotiabank upped their price objective 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. JPMorgan Chase & Co. upped their price target on shares of AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. HSBC reissued a "reduce" rating and issued a $35.00 price objective 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 research note on Thursday, April 3rd. Finally, Royal Bank of Canada raised their target price on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note 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 assigned a buy rating to the company's stock. According to MarketBeat, AngloGold Ashanti presently has a consensus rating of "Moderate Buy" and an average target price of $41.00.

AngloGold Ashanti Price Performance

Shares of NYSE AU opened at $42.11 on Tuesday. The firm has a market capitalization of $17.67 billion, a P/E ratio of 13.16 and a beta of 0.48. The firm's 50-day moving average price is $36.70 and its 200-day moving average price is $30.52. 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 plc has a 1-year low of $22.13 and a 1-year high of $46.90.

AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.10). The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Equities research analysts anticipate that AngloGold Ashanti plc will post 3.83 earnings per share for the current fiscal 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 $0.69 dividend. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.22. This represents a dividend yield of 2.8%. The ex-dividend date was Friday, March 14th. AngloGold Ashanti's dividend payout ratio (DPR) is currently 43.13%.

AngloGold Ashanti 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.

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