Handelsbanken Fonder AB Acquires New Holdings in AngloGold Ashanti plc (NYSE:AU)

Handelsbanken Fonder AB acquired a new stake in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 77,200 shares of the mining company's stock, valued at approximately $1,443,000.

Several other hedge funds also recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in shares of AngloGold Ashanti by 3,511.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 597,775 shares of the mining company's stock worth $9,445,000 after acquiring an additional 581,225 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in AngloGold Ashanti by 6,946.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 199,914 shares of the mining company's stock worth $3,159,000 after purchasing an additional 197,077 shares in the last quarter. Mackenzie Financial Corp raised its holdings in AngloGold Ashanti by 21.4% during the 3rd quarter. Mackenzie Financial Corp now owns 3,080,366 shares of the mining company's stock worth $46,267,000 after buying an additional 543,138 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in AngloGold Ashanti by 53.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,093,194 shares of the mining company's stock valued at $17,272,000 after buying an additional 380,343 shares in the last quarter. Finally, Henry James International Management Inc. increased its position in shares of AngloGold Ashanti by 7.7% in the third quarter. Henry James International Management Inc. now owns 58,551 shares of the mining company's stock worth $925,000 after acquiring an additional 4,191 shares in the last quarter. Institutional investors and hedge funds own 36.09% of the company's stock.

AngloGold Ashanti Stock Up 4.7 %

AngloGold Ashanti stock traded up $1.07 during trading hours on Friday, reaching $23.85. 2,449,305 shares of the company were exchanged, compared to its average volume of 2,725,082. AngloGold Ashanti plc has a 12 month low of $14.91 and a 12 month high of $30.26. The stock has a 50-day moving average of $21.62 and a 200 day moving average of $19.24.

AngloGold Ashanti Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.19 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.03. This represents a dividend yield of 1.1%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. HSBC cut AngloGold Ashanti from a "hold" rating to a "reduce" rating in a research report on Friday, April 19th. JPMorgan Chase & Co. lifted their target price on AngloGold Ashanti from $23.00 to $31.00 and gave the company an "overweight" rating in a research note on Wednesday, April 17th. Finally, StockNews.com raised shares of AngloGold Ashanti from a "sell" rating to a "hold" rating in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $24.25.

AngloGold Ashanti Profile

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.