Two Sigma Investments LP purchased a new position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 354,946 shares of the mining company's stock, valued at approximately $8,192,000. Two Sigma Investments LP owned approximately 0.08% of AngloGold Ashanti as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of the business. NewEdge Advisors LLC increased its holdings in shares of AngloGold Ashanti by 9.4% during the fourth quarter. NewEdge Advisors LLC now owns 5,799 shares of the mining company's stock worth $134,000 after buying an additional 500 shares in the last quarter. Sprott Inc. raised its position in AngloGold Ashanti by 0.7% in the fourth quarter. Sprott Inc. now owns 91,168 shares of the mining company's stock valued at $2,104,000 after purchasing an additional 662 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of AngloGold Ashanti by 210.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock valued at $27,000 after purchasing an additional 796 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of AngloGold Ashanti by 10.5% during the fourth quarter. Quadrant Capital Group LLC now owns 8,860 shares of the mining company's stock worth $204,000 after purchasing an additional 844 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in AngloGold Ashanti by 9.3% in the 4th quarter. Rhumbline Advisers now owns 10,745 shares of the mining company's stock valued at $248,000 after buying an additional 910 shares during the last quarter. 36.09% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
AU has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. HSBC restated a "reduce" rating and issued a $35.00 price objective on shares of AngloGold Ashanti in a report on Thursday, April 17th. Royal Bank of Canada lifted their target price on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a report 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, May 24th. Finally, Scotiabank increased their price target on 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, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.30.
View Our Latest Stock Analysis on AngloGold Ashanti
AngloGold Ashanti Trading Down 1.9%
AU traded down $0.82 during trading on Friday, hitting $43.11. The company's stock had a trading volume of 1,783,672 shares, compared to its average volume of 2,601,069. The firm has a market capitalization of $18.10 billion, a P/E ratio of 14.19 and a beta of 0.48. AngloGold Ashanti plc has a twelve month low of $22.13 and a twelve month high of $46.90. The stock's fifty day moving average price is $40.43 and its 200-day moving average price is $32.26. 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 released 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 analyst estimates of $1.84 billion. Analysts anticipate that AngloGold Ashanti plc will post 3.83 EPS for the current year.
AngloGold Ashanti Cuts Dividend
The business 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 presently 16.45%.
AngloGold Ashanti 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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