BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) by 44.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 564,903 shares of the mining company's stock after acquiring an additional 173,188 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.13% of AngloGold Ashanti worth $12,584,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Whittier Trust Co. acquired a new stake in AngloGold Ashanti in the fourth quarter worth $25,000. EverSource Wealth Advisors LLC raised its stake in AngloGold Ashanti by 210.6% during 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. Nomura Asset Management Co. Ltd. bought a new position in AngloGold Ashanti during the fourth quarter worth about $32,000. R Squared Ltd bought a new position in AngloGold Ashanti during the fourth quarter worth about $36,000. Finally, SBI Securities Co. Ltd. acquired a new position in AngloGold Ashanti in the fourth quarter valued at about $82,000. Institutional investors own 36.09% of the company's stock.
AngloGold Ashanti Stock Performance
AngloGold Ashanti stock traded up $0.71 during mid-day trading on Wednesday, hitting $43.81. 950,984 shares of the company's stock traded hands, compared to its average volume of 2,586,653. AngloGold Ashanti plc has a fifty-two week low of $22.13 and a fifty-two week high of $46.90. The stock has a market cap of $18.39 billion, a price-to-earnings ratio of 14.40 and a beta of 0.48. The firm has a 50 day simple moving average of $40.08 and a two-hundred day simple moving average of $32.04. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14.
AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The mining company reported $0.88 EPS for the quarter. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.84 billion. On average, research analysts expect that AngloGold Ashanti plc will post 3.83 EPS for the current fiscal year.
AngloGold Ashanti Cuts Dividend
The firm also recently announced a dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 1.14%. AngloGold Ashanti's dividend payout ratio is presently 16.45%.
Analyst Upgrades and Downgrades
AU has been the subject of several research reports. Scotiabank increased their price objective on shares of AngloGold Ashanti from $42.00 to $43.50 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. JPMorgan Chase & Co. upped their target price on shares of AngloGold Ashanti from $33.00 to $53.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. HSBC restated a "reduce" rating and issued a $35.00 price target on shares of AngloGold Ashanti in a report on Thursday, April 17th. Wall Street Zen raised AngloGold Ashanti from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Royal Bank of Canada upped their price target on 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 assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, AngloGold Ashanti presently has a consensus rating of "Moderate Buy" and an average target price of $41.30.
View Our Latest Stock Analysis on AngloGold Ashanti
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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