Renaissance Technologies LLC increased its position in AngloGold Ashanti plc (NYSE:AU - Free Report) by 277.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,122,886 shares of the mining company's stock after purchasing an additional 825,195 shares during the period. Renaissance Technologies LLC owned 0.27% of AngloGold Ashanti worth $25,916,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in AU. Whittier Trust Co. acquired a new position in AngloGold Ashanti in the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC grew its holdings in shares of AngloGold Ashanti by 210.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock worth $27,000 after buying an additional 796 shares during the last quarter. Nomura Asset Management Co. Ltd. acquired a new position in AngloGold Ashanti in the 4th quarter valued at about $32,000. R Squared Ltd purchased a new stake in AngloGold Ashanti during the 4th quarter valued at approximately $36,000. Finally, Decker Retirement Planning Inc. acquired a new stake in AngloGold Ashanti during the 4th quarter worth approximately $69,000. 36.09% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on AU shares. Royal Bank of Canada boosted their target price on AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, April 4th. HSBC reissued a "reduce" rating and issued a $35.00 price objective on shares of AngloGold Ashanti in a research note on Thursday. StockNews.com upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Finally, Scotiabank boosted 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $36.80.
Check Out Our Latest Report on AU
AngloGold Ashanti Price Performance
Shares of NYSE:AU traded down $2.43 on Friday, reaching $43.19. 5,482,179 shares of the company were exchanged, compared to its average volume of 2,454,249. The company has a 50-day moving average of $34.45 and a 200-day moving average of $29.29. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46. The firm has a market cap of $18.13 billion, a price-to-earnings ratio of 13.50 and a beta of 0.81. AngloGold Ashanti plc has a 1-year low of $21.65 and a 1-year 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 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 the consensus estimate of $1.75 billion. Equities analysts forecast that AngloGold Ashanti plc will post 3.83 earnings per share for the current fiscal year.
AngloGold Ashanti Increases Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.69 per share. The ex-dividend date was Friday, March 14th. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.22. This represents a yield of 2.8%. AngloGold Ashanti's payout ratio is currently 43.13%.
AngloGold Ashanti Company Profile
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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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