Man Group plc Grows Stock Position in AngloGold Ashanti plc (NYSE:AU)

Man Group plc raised its position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) by 117.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,549,978 shares of the mining company's stock after buying an additional 835,547 shares during the period. Man Group plc owned about 0.37% of AngloGold Ashanti worth $35,773,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. boosted its position 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 valued at $127,000 after purchasing an additional 3,782 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of AngloGold Ashanti in the fourth quarter worth approximately $406,000. Van ECK Associates Corp boosted its stake in AngloGold Ashanti by 10.9% during the 4th quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company's stock valued at $586,504,000 after purchasing an additional 2,491,130 shares during the last quarter. Ninety One UK Ltd bought a new stake in AngloGold Ashanti in the 4th quarter worth about $45,043,000. Finally, Charles Schwab Investment Management Inc. raised its position in AngloGold Ashanti by 47.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 381,627 shares of the mining company's stock worth $8,808,000 after buying an additional 122,507 shares during the last quarter. Hedge funds and other institutional investors own 36.09% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. HSBC reiterated a "reduce" rating and issued a $35.00 price objective on shares of AngloGold Ashanti in a research note on Thursday, April 17th. Scotiabank boosted their price target on AngloGold Ashanti from $42.00 to $43.50 and gave the stock a "sector perform" rating in a report on Monday, May 12th. StockNews.com upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. JPMorgan Chase & Co. lifted their price objective on AngloGold Ashanti from $33.00 to $53.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. Finally, Royal Bank of Canada upped their target price on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $41.30.

AngloGold Ashanti Trading Up 3.6%

AngloGold Ashanti stock traded up $1.46 during trading hours on Monday, hitting $42.20. The company had a trading volume of 2,993,563 shares, compared to its average volume of 2,579,676. The firm has a market cap of $17.71 billion, a P/E ratio of 13.88 and a beta of 0.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73. AngloGold Ashanti plc has a 1 year low of $22.13 and a 1 year high of $46.90. The company has a 50-day moving average price of $38.73 and a two-hundred day moving average price of $31.29.

AngloGold Ashanti (NYSE:AU - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The mining company reported $0.88 earnings per share for the quarter. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.84 billion. On average, sell-side analysts anticipate that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.69 per share. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.22. This represents a dividend yield of 2.8%. The ex-dividend date was Friday, March 14th. AngloGold Ashanti's dividend payout ratio 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.