Quantessence Capital LLC purchased a new stake in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 143,404 shares of the mining company's stock, valued at approximately $3,310,000. AngloGold Ashanti comprises 1.4% of Quantessence Capital LLC's holdings, making the stock its 18th biggest holding.
Several other institutional investors have also added to or reduced their stakes in AU. Van ECK Associates Corp boosted its holdings in AngloGold Ashanti by 10.9% in the fourth quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company's stock valued at $586,504,000 after acquiring an additional 2,491,130 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of AngloGold Ashanti by 22.9% during the 4th quarter. Vanguard Group Inc. now owns 20,857,324 shares of the mining company's stock valued at $467,795,000 after purchasing an additional 3,882,283 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of AngloGold Ashanti by 274.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,133,744 shares of the mining company's stock valued at $118,448,000 after purchasing an additional 3,764,165 shares in the last quarter. Carrhae Capital LLP increased its position in shares of AngloGold Ashanti by 170.0% during the fourth quarter. Carrhae Capital LLP now owns 3,459,193 shares of the mining company's stock valued at $79,838,000 after buying an additional 2,177,783 shares during the period. Finally, Marshall Wace LLP raised its stake in AngloGold Ashanti by 3,767.1% in the fourth quarter. Marshall Wace LLP now owns 2,751,410 shares of the mining company's stock worth $63,503,000 after buying an additional 2,680,261 shares in the last quarter. Hedge funds and other institutional investors own 36.09% of the company's stock.
AngloGold Ashanti Stock Down 2.5 %
Shares of NYSE:AU traded down $1.01 on Friday, hitting $39.55. 2,550,384 shares of the company traded hands, compared to its average volume of 2,490,707. The stock has a 50 day simple moving average of $35.55 and a 200-day simple moving average of $29.96. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. The company has a market cap of $16.60 billion, a PE ratio of 12.36 and a beta of 0.81. AngloGold Ashanti plc has a 52 week low of $22.13 and a 52 week high of $46.90.
AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its earnings results on Wednesday, February 19th. The mining company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.10). The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. As a group, research analysts expect that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.
AngloGold Ashanti Increases Dividend
The firm also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.69 per share. This represents a yield of 2.8%. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.22. The ex-dividend date was Friday, March 14th. AngloGold Ashanti's dividend payout ratio (DPR) is currently 43.13%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. HSBC reissued a "reduce" rating and issued a $35.00 target price on shares of AngloGold Ashanti in a research report on Thursday, April 17th. Royal Bank of Canada boosted their target price on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Scotiabank increased their price target on shares of AngloGold Ashanti from $34.00 to $42.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Finally, StockNews.com raised shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, AngloGold Ashanti currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.80.
Check Out Our Latest Report on AU
About AngloGold Ashanti
(
Free Report)
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.
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