AngloGold Ashanti plc (NYSE:AU - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $24.80, but opened at $23.21. AngloGold Ashanti shares last traded at $23.32, with a volume of 591,707 shares trading hands.
Wall Street Analyst Weigh In
A number of research firms have commented on AU. HSBC lowered shares of AngloGold Ashanti from a "hold" rating to a "reduce" rating in a research note on Friday, April 19th. StockNews.com raised AngloGold Ashanti from a "sell" rating to a "hold" rating in a research note on Friday, February 23rd. Finally, JPMorgan Chase & Co. increased their price objective on AngloGold Ashanti from $23.00 to $31.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $24.25.
Check Out Our Latest Report on AU
AngloGold Ashanti Stock Performance
The company has a 50 day moving average price of $21.77 and a 200 day moving average price of $19.28.
AngloGold Ashanti Increases Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.19 dividend. This represents a yield of 1.1%. The ex-dividend date was Thursday, March 14th. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.03.
Institutional Trading of AngloGold Ashanti
A number of institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC lifted its holdings in AngloGold Ashanti by 67.4% in the first quarter. Commonwealth Equity Services LLC now owns 430,106 shares of the mining company's stock worth $9,548,000 after purchasing an additional 173,175 shares during the period. U S Global Investors Inc. boosted its stake in AngloGold Ashanti by 28.0% during the 1st quarter. U S Global Investors Inc. now owns 65,000 shares of the mining company's stock valued at $1,443,000 after purchasing an additional 14,215 shares in the last quarter. Azzad Asset Management Inc. ADV increased its position in shares of AngloGold Ashanti by 1.7% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 126,277 shares of the mining company's stock valued at $2,803,000 after purchasing an additional 2,121 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of AngloGold Ashanti by 0.8% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 316,931 shares of the mining company's stock valued at $7,069,000 after purchasing an additional 2,511 shares during the period. Finally, Ballentine Partners LLC bought a new stake in shares of AngloGold Ashanti in the 1st quarter worth $257,000. 36.09% of the stock is owned by institutional investors and hedge funds.
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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