Voloridge Investment Management LLC Acquires New Shares in AngloGold Ashanti plc (NYSE:AU)

Voloridge Investment Management LLC acquired a new position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,071,983 shares of the mining company's stock, valued at approximately $24,741,000. Voloridge Investment Management LLC owned 0.26% of AngloGold Ashanti as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of AngloGold Ashanti by 378.2% during 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. Raymond James Financial Inc. acquired a new stake in AngloGold Ashanti in the 4th quarter worth about $406,000. Van ECK Associates Corp boosted its holdings 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 worth $586,504,000 after buying an additional 2,491,130 shares during the last quarter. Ninety One UK Ltd purchased a new stake in AngloGold Ashanti during the 4th quarter worth approximately $45,043,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of AngloGold Ashanti by 47.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 381,627 shares of the mining company's stock valued at $8,808,000 after acquiring an additional 122,507 shares during the last quarter. 36.09% of the stock is owned by hedge funds and other institutional investors.

AngloGold Ashanti Trading Down 2.3%

NYSE AU traded down $1.02 on Tuesday, reaching $43.02. 1,098,618 shares of the company were exchanged, compared to its average volume of 2,586,327. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46. The business's fifty day moving average price is $39.95 and its 200 day moving average price is $31.97. The stock has a market capitalization of $18.06 billion, a P/E ratio of 14.14 and a beta of 0.48. AngloGold Ashanti plc has a fifty-two week low of $22.13 and a fifty-two week high of $46.90.

AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The mining company reported $0.88 earnings per share for the quarter. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.84 billion. Analysts forecast that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.

AngloGold Ashanti Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid 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 presently 16.45%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AU. Wall Street Zen raised AngloGold Ashanti from a "buy" rating to a "strong-buy" rating in a research note on Saturday. HSBC restated a "reduce" rating and issued a $35.00 price objective on shares of AngloGold Ashanti in a report on Thursday, April 17th. Scotiabank upped their target price on shares of 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. increased their target price on shares of AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Finally, Royal Bank of Canada boosted their price target on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, AngloGold Ashanti presently has an average rating of "Moderate Buy" and a consensus target price of $41.30.

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.