Andra AP fonden Invests $1.91 Million in AngloGold Ashanti plc (NYSE:AU)

Andra AP fonden bought a new position in AngloGold Ashanti plc (NYSE:AU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 85,720 shares of the mining company’s stock, valued at approximately $1,912,000.

Several other hedge funds have also recently modified their holdings of the stock. Van ECK Associates Corp increased its position 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 worth $586,504,000 after purchasing an additional 2,491,130 shares during the last quarter. FMR LLC increased its position in AngloGold Ashanti by 39.5% in the third quarter. FMR LLC now owns 10,448,445 shares of the mining company’s stock worth $277,968,000 after purchasing an additional 2,957,304 shares during the last quarter. TT International Asset Management LTD increased its position in AngloGold Ashanti by 51.3% in the third quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company’s stock worth $75,525,000 after purchasing an additional 962,141 shares during the last quarter. Ninety One UK Ltd bought a new stake in AngloGold Ashanti in the fourth quarter worth $45,043,000. Finally, Allianz Asset Management GmbH increased its position in AngloGold Ashanti by 39.0% in the fourth quarter. Allianz Asset Management GmbH now owns 1,934,603 shares of the mining company’s stock worth $44,651,000 after purchasing an additional 542,463 shares during the last quarter. Hedge funds and other institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Trading Up 2.3 %

AU stock opened at $31.61 on Monday. The company has a market capitalization of $13.27 billion, a PE ratio of 9.88 and a beta of 0.92. AngloGold Ashanti plc has a 12 month low of $20.05 and a 12 month high of $33.77. The firm’s 50-day moving average is $28.93 and its 200 day moving average is $27.67. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14.

AngloGold Ashanti (NYSE:AU) last posted its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.10). The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. On average, research analysts anticipate that AngloGold Ashanti plc will post 3.83 EPS for the current year.

AngloGold Ashanti Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.69 dividend. This represents a yield of 2.8%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from AngloGold Ashanti’s previous semi-annual dividend of $0.22. AngloGold Ashanti’s dividend payout ratio (DPR) is currently 43.13%.

Wall Street Analysts Forecast Growth

AU has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Scotiabank boosted their price objective on shares of AngloGold Ashanti from $30.00 to $34.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of AngloGold Ashanti in a research note on Thursday, February 20th. Finally, StockNews.com downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, AngloGold Ashanti has a consensus rating of “Hold” and a consensus price target of $34.00.

About AngloGold Ashanti

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.