Hillsdale Investment Management Inc. acquired a new position in shares of AngloGold Ashanti PLC (NYSE:AU – Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,400 shares of the mining company’s stock, valued at approximately $1,013,000.
Other institutional investors have also recently bought and sold shares of the company. Ninety One SA Pty Ltd acquired a new position in AngloGold Ashanti in the 4th quarter worth about $1,380,472,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of AngloGold Ashanti by 406.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,288,253 shares of the mining company’s stock valued at $539,119,000 after buying an additional 5,047,686 shares during the last quarter. Norges Bank acquired a new stake in shares of AngloGold Ashanti during the 4th quarter valued at about $426,477,000. State Street Corp grew its stake in shares of AngloGold Ashanti by 1,175.7% in the 2nd quarter. State Street Corp now owns 4,967,173 shares of the mining company’s stock valued at $226,354,000 after buying an additional 4,577,807 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of AngloGold Ashanti by 5,109.9% in the 4th quarter. AQR Capital Management LLC now owns 2,082,326 shares of the mining company’s stock valued at $179,286,000 after buying an additional 2,042,357 shares in the last quarter. Institutional investors and hedge funds own 36.09% of the company’s stock.
AngloGold Ashanti Stock Down 3.6%
AU opened at $76.30 on Friday. The business has a 50 day moving average price of $88.43 and a 200 day moving average price of $96.96. AngloGold Ashanti PLC has a twelve month low of $45.36 and a twelve month high of $129.14. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.11 and a current ratio of 2.71. The firm has a market cap of $38.52 billion, a P/E ratio of 11.19 and a beta of 0.65.
AngloGold Ashanti Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a $1.16 dividend. This is a boost from AngloGold Ashanti’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, May 29th. This represents a $4.64 annualized dividend and a yield of 6.1%. AngloGold Ashanti’s payout ratio is 68.04%.
Analyst Ratings Changes
AU has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective on shares of AngloGold Ashanti from $155.00 to $134.00 and set an “overweight” rating on the stock in a research report on Thursday. Citigroup decreased their target price on shares of AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday. Roth Capital dropped their price target on shares of AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Scotiabank cut their price target on shares of AngloGold Ashanti from $134.00 to $128.00 and set a “sector outperform” rating on the stock in a report on Tuesday. Finally, Freedom Capital raised shares of AngloGold Ashanti to a “strong-buy” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, AngloGold Ashanti currently has an average rating of “Moderate Buy” and a consensus price target of $110.50.
View Our Latest Report on AngloGold Ashanti
About AngloGold Ashanti
AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by‑products depending on local geology and processing methods.
The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.
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