AngloGold Ashanti plc (NYSE:AU) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in AngloGold Ashanti plc (NYSE:AU - Free Report) by 3,533.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,206 shares of the mining company's stock after acquiring an additional 89,668 shares during the period. GAMMA Investing LLC's holdings in AngloGold Ashanti were worth $3,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new position in AngloGold Ashanti during the fourth quarter valued at $392,000. Raymond James Financial Inc. purchased a new position in AngloGold Ashanti during the fourth quarter worth approximately $406,000. Van ECK Associates Corp grew its holdings in 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 purchasing an additional 2,491,130 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of AngloGold Ashanti by 47.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 381,627 shares of the mining company's stock valued at $8,808,000 after buying an additional 122,507 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of AngloGold Ashanti by 59.2% in the fourth quarter. Geode Capital Management LLC now owns 520,772 shares of the mining company's stock valued at $12,019,000 after buying an additional 193,664 shares in the last quarter. Hedge funds and other institutional investors own 36.09% of the company's stock.

AngloGold Ashanti Trading Up 6.4%

AngloGold Ashanti stock traded up $2.94 during midday trading on Thursday, hitting $48.81. 4,595,881 shares of the stock were exchanged, compared to its average volume of 2,648,967. 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 stock's 50-day simple moving average is $42.18 and its 200 day simple moving average is $33.58. AngloGold Ashanti plc has a fifty-two week low of $22.34 and a fifty-two week high of $49.10. The stock has a market capitalization of $20.49 billion, a price-to-earnings ratio of 16.06 and a beta of 0.49.

AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly 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 for the quarter, compared to analyst estimates of $1.84 billion. On average, equities analysts anticipate that AngloGold Ashanti plc will post 3.83 EPS for the current year.

AngloGold Ashanti Cuts Dividend

The firm also recently declared 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. This represents a dividend yield of 1.14%. The ex-dividend date is Friday, May 30th. AngloGold Ashanti's dividend payout ratio is presently 16.45%.

Wall Street Analyst Weigh In

Several brokerages recently commented on AU. Royal Bank of Canada boosted their price target 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. Wall Street Zen cut shares of AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. JPMorgan Chase & Co. lifted 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. HSBC restated a "reduce" rating and issued a $35.00 target price on shares of AngloGold Ashanti in a research report on Thursday, April 17th. Finally, Roth Capital began coverage on AngloGold Ashanti in a research note on Thursday. They issued a "buy" rating and a $52.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $43.08.

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.