UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Holdings in AngloGold Ashanti plc (NYSE:AU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) by 25.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,564,634 shares of the mining company's stock after buying an additional 313,142 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.37% of AngloGold Ashanti worth $36,112,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in AngloGold Ashanti by 378.2% in the third quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company's stock worth $127,000 after purchasing an additional 3,782 shares in the last quarter. SG Americas Securities LLC increased its holdings in AngloGold Ashanti by 177.9% in the 4th quarter. SG Americas Securities LLC now owns 13,124 shares of the mining company's stock worth $303,000 after buying an additional 8,401 shares during the period. Blue Trust Inc. boosted its position in AngloGold Ashanti by 17.6% in the 4th quarter. Blue Trust Inc. now owns 7,043 shares of the mining company's stock worth $163,000 after purchasing an additional 1,052 shares in the last quarter. R Squared Ltd purchased a new stake in AngloGold Ashanti in the 4th quarter worth approximately $36,000. Finally, abrdn plc purchased a new stake in AngloGold Ashanti in the 4th quarter worth approximately $843,000. 36.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AU shares. Wall Street Zen upgraded AngloGold Ashanti from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. HSBC reaffirmed a "reduce" rating and issued a $35.00 target price on shares of AngloGold Ashanti in a research note on Thursday, April 17th. Scotiabank raised their price objective on AngloGold Ashanti from $42.00 to $43.50 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Royal Bank of Canada lifted 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, JPMorgan Chase & Co. lifted their price objective on AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, AngloGold Ashanti has an average rating of "Moderate Buy" and a consensus price target of $41.30.

AngloGold Ashanti Stock Down 0.5%

AU stock traded down $0.23 during trading on Friday, hitting $43.82. 4,360,410 shares of the company's stock were exchanged, compared to its average volume of 2,615,287. The business has a 50-day moving average price of $40.60 and a two-hundred day moving average price of $32.45. The stock has a market capitalization of $18.39 billion, a price-to-earnings ratio of 14.41 and a beta of 0.48. AngloGold Ashanti plc has a 52-week low of $22.13 and a 52-week high of $46.90. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46.

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 for the quarter. The business had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.84 billion. As a group, equities research analysts expect that AngloGold Ashanti plc will post 3.83 EPS for the current year.

AngloGold Ashanti Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.125 per share. This represents a yield of 1.14%. The ex-dividend date of this dividend 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.