SmartHarvest Portfolios LLC bought a new position in shares of AngloGold Ashanti PLC (NYSE:AU – Free Report) during the fourth quarter, Holdings Channel reports. The fund bought 7,772 shares of the mining company’s stock, valued at approximately $663,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ninety One SA Pty Ltd acquired a new position in shares of AngloGold Ashanti during the fourth quarter worth $1,380,472,000. Norges Bank acquired a new stake in AngloGold Ashanti in the fourth quarter valued at $426,477,000. State Street Corp raised its position in AngloGold Ashanti by 1,175.7% during the 2nd quarter. State Street Corp now owns 4,967,173 shares of the mining company’s stock worth $226,354,000 after purchasing an additional 4,577,807 shares during the last quarter. Van ECK Associates Corp raised its position in AngloGold Ashanti by 10.0% during the 3rd quarter. Van ECK Associates Corp now owns 19,847,932 shares of the mining company’s stock worth $1,395,905,000 after purchasing an additional 1,804,620 shares during the last quarter. Finally, Capital World Investors lifted its holdings in AngloGold Ashanti by 64.5% during the 4th quarter. Capital World Investors now owns 4,186,463 shares of the mining company’s stock worth $357,022,000 after buying an additional 1,641,545 shares during the period. 36.09% of the stock is currently owned by institutional investors and hedge funds.
AngloGold Ashanti Stock Up 6.3%
Shares of NYSE AU opened at $83.38 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.71 and a debt-to-equity ratio of 0.19. The firm has a market cap of $42.10 billion, a PE ratio of 12.23 and a beta of 0.60. The company’s fifty day simple moving average is $97.37 and its 200 day simple moving average is $97.26. AngloGold Ashanti PLC has a 12-month low of $43.44 and a 12-month high of $129.14.
AngloGold Ashanti Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued a $1.16 dividend. The ex-dividend date is Friday, May 29th. This is an increase from AngloGold Ashanti’s previous quarterly dividend of $0.17. This represents a $4.64 annualized dividend and a yield of 5.6%. AngloGold Ashanti’s dividend payout ratio is currently 68.04%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Scotiabank decreased their price target on AngloGold Ashanti from $134.00 to $133.00 and set a “sector outperform” rating for the company in a research note on Friday, March 20th. Weiss Ratings lowered AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. Citigroup upped their target price on AngloGold Ashanti from $120.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday. Roth Mkm restated a “buy” rating and set a $121.00 price target on shares of AngloGold Ashanti in a report on Monday, May 11th. Finally, Wall Street Zen downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, AngloGold Ashanti presently has an average rating of “Hold” and a consensus price target of $114.00.
Get 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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