Tidal Investments LLC Decreases Stake in AngloGold Ashanti plc (NYSE:AU)

Tidal Investments LLC lessened its stake in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) by 51.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,465 shares of the mining company's stock after selling 12,987 shares during the quarter. Tidal Investments LLC's holdings in AngloGold Ashanti were worth $288,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Van ECK Associates Corp increased its stake in shares of 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 buying an additional 2,491,130 shares during the period. Vanguard Group Inc. increased its position 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 acquiring an additional 3,882,283 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of AngloGold Ashanti by 274.8% during 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 acquiring an additional 3,764,165 shares during the last quarter. Carrhae Capital LLP lifted its holdings in shares of AngloGold Ashanti by 170.0% during the fourth 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 during the period. Finally, Marshall Wace LLP grew its stake 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 worth $63,503,000 after purchasing an additional 2,680,261 shares during the last quarter. 36.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

AngloGold Ashanti Stock Down 0.4%

AU traded down $0.20 during midday trading on Wednesday, reaching $46.24. 527,075 shares of the company were exchanged, compared to its average volume of 2,619,783. The company has a market cap of $19.41 billion, a price-to-earnings ratio of 15.21 and a beta of 0.49. AngloGold Ashanti plc has a one year low of $22.13 and a one year high of $47.77. The company's fifty day moving average price is $41.04 and its 200 day moving average price is $32.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73.

AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its earnings results on Friday, May 9th. The mining company reported $0.88 earnings per share (EPS) for the quarter. The company had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.84 billion. As a group, analysts expect that AngloGold Ashanti plc will post 3.83 EPS for the current year.

AngloGold Ashanti Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.125 per share. This represents a yield of 1.14%. The ex-dividend date is Friday, May 30th. AngloGold Ashanti's dividend payout ratio is 16.45%.

About AngloGold Ashanti

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.