Two Sigma Advisers LP Buys New Shares in AngloGold Ashanti plc (NYSE:AU)

Two Sigma Advisers LP acquired a new stake in AngloGold Ashanti plc (NYSE:AU - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 67,868 shares of the mining company's stock, valued at approximately $1,566,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AU. Whittier Trust Co. acquired a new position in shares of AngloGold Ashanti in the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 buying an additional 796 shares in the last quarter. Nomura Asset Management Co. Ltd. acquired a new stake in shares of AngloGold Ashanti during the 4th quarter worth approximately $32,000. R Squared Ltd bought a new stake in shares of AngloGold Ashanti in the 4th quarter valued at $36,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of AngloGold Ashanti in the 4th quarter valued at $82,000. 36.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AU has been the subject of a number of research reports. Wall Street Zen cut shares of AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a report on Sunday. HSBC reaffirmed a "reduce" rating and issued a $35.00 target price on shares of AngloGold Ashanti in a research report on Thursday, April 17th. 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 report on Monday, April 28th. 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. Finally, Scotiabank increased their target price on AngloGold Ashanti from $42.00 to $43.50 and gave the stock a "sector perform" rating in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $41.30.

AngloGold Ashanti Stock Performance

NYSE AU traded down $0.13 during trading hours on Wednesday, reaching $46.31. 527,075 shares of the company were exchanged, compared to its average volume of 2,619,783. The stock has a market capitalization of $19.44 billion, a P/E ratio of 15.21 and a beta of 0.49. 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 plc has a 1 year low of $22.13 and a 1 year high of $47.77. The business's 50 day simple moving average is $41.04 and its 200-day simple moving average is $32.77.

AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings data 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. On average, equities research analysts expect that AngloGold Ashanti plc will post 3.83 earnings per share for the current 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 issued a $0.125 dividend. This represents a dividend yield of 1.14%. The ex-dividend date of this dividend is Friday, May 30th. AngloGold Ashanti's payout ratio is currently 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.