State of Wyoming acquired a new position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,072 shares of the mining company's stock, valued at approximately $186,000.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of 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 position in shares of AngloGold Ashanti by 274.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,133,744 shares of the mining company's stock valued at $118,448,000 after buying an additional 3,764,165 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of AngloGold Ashanti by 3,767.1% in the fourth 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 in the last quarter. Van ECK Associates Corp grew its holdings in AngloGold Ashanti by 10.9% during 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 buying an additional 2,491,130 shares during the last quarter. Finally, Carrhae Capital LLP increased its position in AngloGold Ashanti by 170.0% during the 4th quarter. Carrhae Capital LLP now owns 3,459,193 shares of the mining company's stock worth $79,838,000 after purchasing an additional 2,177,783 shares in the last quarter. Institutional investors and hedge funds own 36.09% of the company's stock.
Analyst Ratings Changes
AU has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on AngloGold Ashanti from $33.00 to $53.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. Royal Bank of Canada upped their target price on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Scotiabank raised their price target on shares of AngloGold Ashanti from $42.00 to $43.50 and gave the company a "sector perform" rating in a report on Monday, May 12th. Wall Street Zen upgraded AngloGold Ashanti from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Finally, HSBC restated a "reduce" rating and issued a $35.00 target price on shares of AngloGold Ashanti in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $41.30.
Read Our Latest Report on AU
AngloGold Ashanti Stock Performance
Shares of AngloGold Ashanti stock traded down $0.82 on Friday, reaching $43.11. 1,783,672 shares of the company were exchanged, compared to its average volume of 2,601,069. AngloGold Ashanti plc has a 1-year low of $22.13 and a 1-year high of $46.90. The firm has a market cap of $18.10 billion, a price-to-earnings ratio of 14.19 and a beta of 0.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73. The company's 50-day moving average is $40.43 and its two-hundred day moving average is $32.26.
AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its 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. As a group, research analysts expect that AngloGold Ashanti plc will post 3.83 earnings per share for the current fiscal year.
AngloGold Ashanti Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.125 per share. 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
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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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