94,785 Shares in AngloGold Ashanti plc (NYSE:AU) Purchased by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 94,785 shares of the mining company's stock, valued at approximately $2,115,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in AngloGold Ashanti by 9.4% during the 4th quarter. NewEdge Advisors LLC now owns 5,799 shares of the mining company's stock worth $134,000 after acquiring an additional 500 shares during the period. Sprott Inc. lifted its position in AngloGold Ashanti by 0.7% during the 4th quarter. Sprott Inc. now owns 91,168 shares of the mining company's stock worth $2,104,000 after acquiring an additional 662 shares during the period. EverSource Wealth Advisors LLC lifted its position 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 acquiring an additional 796 shares during the period. Quadrant Capital Group LLC lifted its position in AngloGold Ashanti by 10.5% during the 4th quarter. Quadrant Capital Group LLC now owns 8,860 shares of the mining company's stock worth $204,000 after acquiring an additional 844 shares during the period. Finally, Rhumbline Advisers lifted its position in AngloGold Ashanti by 9.3% during the 4th quarter. Rhumbline Advisers now owns 10,745 shares of the mining company's stock worth $248,000 after acquiring an additional 910 shares during the period. Institutional investors and hedge funds own 36.09% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AU shares. JPMorgan Chase & Co. boosted their price objective on AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a report on Monday, April 28th. HSBC reissued a "reduce" rating and issued a $35.00 price objective on shares of AngloGold Ashanti in a report on Thursday, April 17th. Royal Bank of Canada boosted their price objective on AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Wall Street Zen cut AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a report on Sunday. Finally, Scotiabank boosted their price objective on AngloGold Ashanti from $42.00 to $43.50 and gave the company a "sector perform" rating in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, AngloGold Ashanti has an average rating of "Moderate Buy" and an average target price of $41.30.

AngloGold Ashanti Price Performance

NYSE AU traded down $0.96 during trading hours on Tuesday, reaching $46.47. The company's stock had a trading volume of 2,516,159 shares, compared to its average volume of 2,627,962. The firm has a market capitalization of $19.50 billion, a price-to-earnings ratio of 15.28 and a beta of 0.48. AngloGold Ashanti plc has a 1-year low of $22.13 and a 1-year high of $47.77. 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 company's 50-day moving average is $41.04 and its two-hundred day moving average is $32.77.

AngloGold Ashanti (NYSE:AU - Get Free Report) last released 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 analyst estimates of $1.84 billion. On average, equities analysts predict 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. Investors of record on Monday, June 2nd will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 1.14%. AngloGold Ashanti's 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.