Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Buys New Shares in AngloGold Ashanti plc (NYSE:AU)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in AngloGold Ashanti plc (NYSE:AU - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 25,000 shares of the mining company's stock, valued at approximately $562,000. AngloGold Ashanti accounts for approximately 1.7% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 12th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in AngloGold Ashanti by 22.9% in the fourth quarter. Vanguard Group Inc. now owns 20,857,324 shares of the mining company's stock worth $467,795,000 after buying 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 worth $118,448,000 after acquiring an additional 3,764,165 shares during the last quarter. Marshall Wace LLP raised its stake 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 acquiring an additional 2,680,261 shares during the period. Van ECK Associates Corp raised its stake 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 acquiring an additional 2,491,130 shares during the period. Finally, Carrhae Capital LLP lifted its holdings in AngloGold Ashanti by 170.0% during the fourth 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. Institutional investors own 36.09% of the company's stock.

Wall Street Analyst Weigh In

AU has been the topic of a number of recent research reports. Royal Bank of Canada upped their price target on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Wall Street Zen upgraded AngloGold Ashanti from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Scotiabank increased their price objective on AngloGold Ashanti from $42.00 to $43.50 and gave the stock a "sector perform" rating in a report on Monday, May 12th. JPMorgan Chase & Co. raised their target price on AngloGold Ashanti from $33.00 to $53.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. Finally, HSBC reiterated a "reduce" rating and set a $35.00 price target on shares of AngloGold Ashanti in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $41.30.

AngloGold Ashanti Price Performance

Shares of AU stock traded down $0.92 on Tuesday, reaching $43.12. The company's stock had a trading volume of 2,863,178 shares, compared to its average volume of 2,593,115. The company has a market capitalization of $18.10 billion, a P/E ratio of 14.18 and a beta of 0.48. AngloGold Ashanti plc has a 12-month low of $22.13 and a 12-month high of $46.90. The stock's 50 day simple moving average is $39.95 and its 200-day simple moving average is $31.97. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46.

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 for the quarter. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.84 billion. As a group, equities analysts predict that AngloGold Ashanti plc will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be given a $0.125 dividend. This represents a dividend yield of 1.14%. The ex-dividend date is Friday, May 30th. AngloGold Ashanti's dividend payout ratio (DPR) is 16.45%.

AngloGold Ashanti 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.