International Assets Investment Management LLC acquired a new stake in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 86,983 shares of the mining company's stock, valued at approximately $16,260,000.
A number of other hedge funds have also recently modified their holdings of AU. Bank of New York Mellon Corp purchased a new stake in AngloGold Ashanti in the 1st quarter worth $282,000. APG Asset Management N.V. purchased a new stake in shares of AngloGold Ashanti during the 1st quarter valued at about $2,163,000. Vontobel Holding Ltd. raised its position in shares of AngloGold Ashanti by 395.1% during the 1st quarter. Vontobel Holding Ltd. now owns 82,383 shares of the mining company's stock valued at $1,973,000 after buying an additional 65,743 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of AngloGold Ashanti by 51.6% during the 1st quarter. Allianz Asset Management GmbH now owns 2,050,334 shares of the mining company's stock valued at $48,572,000 after buying an additional 697,908 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of AngloGold Ashanti by 44.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,412,291 shares of the mining company's stock valued at $33,457,000 after buying an additional 432,001 shares in the last quarter. Institutional investors own 36.09% of the company's stock.
AngloGold Ashanti Stock Down 1.7 %
Shares of NYSE AU traded down $0.41 during midday trading on Friday, reaching $23.85. 5,165,072 shares of the company's stock traded hands, compared to its average volume of 2,112,372. AngloGold Ashanti plc has a one year low of $14.91 and a one year high of $30.26. The stock's 50 day simple moving average is $20.37 and its 200-day simple moving average is $18.70. The company has a market cap of $9.98 billion, a price-to-earnings ratio of 10.19 and a beta of 0.92.
AngloGold Ashanti Increases Dividend
The company also recently announced a semi-annual dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.19 per share. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.03. The ex-dividend date was Thursday, March 14th. This represents a yield of 1.1%. AngloGold Ashanti's dividend payout ratio is presently 9.01%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of AngloGold Ashanti from a "sell" rating to a "hold" rating in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $22.50.
Check Out Our Latest Research Report on AU
About AngloGold Ashanti
(
Free Report)
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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