Wellington Management Group LLP acquired a new stake in AngloGold Ashanti plc (NYSE:AU - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,395 shares of the mining company's stock, valued at approximately $392,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Whittier Trust Co. acquired a new stake in AngloGold Ashanti in the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its position in shares of AngloGold Ashanti by 210.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock worth $27,000 after acquiring an additional 796 shares during the last quarter. Hara Capital LLC purchased a new stake in AngloGold Ashanti in the fourth quarter valued at approximately $29,000. Nomura Asset Management Co. Ltd. acquired a new position in AngloGold Ashanti during the fourth quarter worth approximately $32,000. Finally, SBI Securities Co. Ltd. purchased a new position in AngloGold Ashanti during the fourth quarter worth approximately $82,000. Hedge funds and other institutional investors own 36.09% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently weighed in on AU. Royal Bank of Canada increased their target price on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. JPMorgan Chase & Co. boosted their target price on AngloGold Ashanti from $33.00 to $53.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. Scotiabank raised their price target on shares of AngloGold Ashanti from $42.00 to $43.50 and gave the company a "sector perform" rating in a report on Monday, May 12th. HSBC reissued a "reduce" rating and issued a $35.00 price objective on shares of AngloGold Ashanti in a research report on Thursday, April 17th. Finally, Wall Street Zen lowered shares of AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st. One research 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $41.30.
Check Out Our Latest Report on AngloGold Ashanti
AngloGold Ashanti Stock Performance
NYSE:AU opened at $45.97 on Friday. The firm has a 50-day moving average of $41.59 and a two-hundred day moving average of $33.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. The stock has a market cap of $19.29 billion, a P/E ratio of 15.12 and a beta of 0.49. AngloGold Ashanti plc has a 1-year low of $22.13 and a 1-year high of $48.10.
AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The mining company reported $0.88 EPS for the quarter. The business had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.84 billion. On average, research analysts expect that AngloGold Ashanti plc will post 3.83 earnings per share for the current fiscal year.
AngloGold Ashanti Cuts Dividend
The business also recently declared a dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be paid a $0.125 dividend. The ex-dividend date 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 Company Profile
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider AngloGold Ashanti, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AngloGold Ashanti wasn't on the list.
While AngloGold Ashanti currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
