AngloGold Ashanti plc (NYSE:AU - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $23.84, but opened at $22.31. AngloGold Ashanti shares last traded at $22.19, with a volume of 1,190,388 shares changing hands.
Analyst Upgrades and Downgrades
AU has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of AngloGold Ashanti from $23.00 to $31.00 and gave the company an "overweight" rating in a report on Wednesday, April 17th. HSBC lowered shares of AngloGold Ashanti from a "hold" rating to a "reduce" rating in a research note on Friday. Finally, StockNews.com upgraded shares of AngloGold Ashanti from a "sell" rating to a "hold" rating in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $24.25.
View Our Latest Analysis on AU
AngloGold Ashanti Stock Down 7.6 %
The company has a fifty day moving average price of $21.17 and a two-hundred day moving average price of $19.09.
AngloGold Ashanti Increases Dividend
The business also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.19 per share. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.03.
Institutional Investors Weigh In On AngloGold Ashanti
Several large investors have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in AngloGold Ashanti in the fourth quarter worth $16,260,000. Van ECK Associates Corp increased its position in shares of AngloGold Ashanti by 1.6% in the third quarter. Van ECK Associates Corp now owns 24,900,771 shares of the mining company's stock valued at $393,432,000 after buying an additional 383,360 shares in the last quarter. Swiss National Bank purchased a new position in shares of AngloGold Ashanti in the third quarter valued at $17,101,000. DekaBank Deutsche Girozentrale increased its position in shares of AngloGold Ashanti by 11.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 55,500 shares of the mining company's stock valued at $899,000 after buying an additional 5,500 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of AngloGold Ashanti by 306.1% in the third quarter. Invesco Ltd. now owns 1,272,803 shares of the mining company's stock valued at $20,110,000 after buying an additional 959,346 shares in the last quarter. Hedge funds and other institutional investors own 36.09% of the company's stock.
AngloGold Ashanti Company Profile
(
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AngloGold Ashanti plc operates as a gold mining company in Africa, the Americas, and Australia. 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 project located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.
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