Mackenzie Financial Corp lessened its stake in AngloGold Ashanti plc (NYSE:AU - Free Report) by 5.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,434,626 shares of the mining company's stock after selling 88,708 shares during the period. Mackenzie Financial Corp owned about 0.34% of AngloGold Ashanti worth $33,111,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its holdings in AngloGold Ashanti by 10.9% in the 4th 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 last quarter. Vanguard Group Inc. increased its holdings in AngloGold Ashanti by 22.9% in the 4th quarter. Vanguard Group Inc. now owns 20,857,324 shares of the mining company's stock valued at $467,795,000 after purchasing an additional 3,882,283 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in AngloGold Ashanti by 274.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,133,744 shares of the mining company's stock valued at $118,448,000 after purchasing an additional 3,764,165 shares during the last quarter. Carrhae Capital LLP increased its holdings in AngloGold Ashanti by 170.0% in the 4th quarter. Carrhae Capital LLP now owns 3,459,193 shares of the mining company's stock valued at $79,838,000 after purchasing an additional 2,177,783 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in AngloGold Ashanti by 3,767.1% in the 4th quarter. Marshall Wace LLP now owns 2,751,410 shares of the mining company's stock valued at $63,503,000 after purchasing an additional 2,680,261 shares during the last quarter. Institutional investors and hedge funds own 36.09% of the company's stock.
Analyst Ratings Changes
AU has been the subject of several research reports. Scotiabank boosted their price target on shares of AngloGold Ashanti from $42.00 to $43.50 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. 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 research note on Friday, April 4th. HSBC restated a "reduce" rating and issued a $35.00 price target on shares of AngloGold Ashanti in a research note on Thursday, April 17th. JPMorgan Chase & Co. boosted their price target 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. Finally, Wall Street Zen upgraded shares of AngloGold Ashanti from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $41.30.
View Our Latest Stock Report on AU
AngloGold Ashanti Stock Down 1.6%
Shares of AngloGold Ashanti stock traded down $0.71 during trading on Friday, hitting $43.22. 2,195,196 shares of the stock were exchanged, compared to its average volume of 2,602,511. The stock has a market cap of $18.14 billion, a price-to-earnings ratio of 14.16 and a beta of 0.48. The firm's 50-day moving average price is $40.43 and its 200 day moving average price is $32.26. AngloGold Ashanti plc has a 12-month low of $22.13 and a 12-month high of $46.90. 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 released its quarterly earnings data 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 analysts' expectations of $1.84 billion. As a group, analysts forecast that AngloGold Ashanti plc will post 3.83 earnings per share for the current fiscal year.
AngloGold Ashanti Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 1.14%. AngloGold Ashanti's dividend payout ratio (DPR) is currently 16.45%.
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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