20,947 Shares in AngloGold Ashanti plc (NYSE:AU) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in shares of AngloGold Ashanti plc (NYSE:AU) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 20,947 shares of the mining company’s stock, valued at approximately $484,000.

A number of other institutional investors have also recently added to or reduced their stakes in AU. Prudential PLC raised its stake in shares of AngloGold Ashanti by 9.9% in the 4th quarter. Prudential PLC now owns 60,364 shares of the mining company’s stock valued at $1,393,000 after acquiring an additional 5,442 shares during the period. Trexquant Investment LP acquired a new stake in AngloGold Ashanti in the fourth quarter valued at approximately $1,592,000. Geode Capital Management LLC increased its stake in AngloGold Ashanti by 59.2% during the 4th quarter. Geode Capital Management LLC now owns 520,772 shares of the mining company’s stock worth $12,019,000 after buying an additional 193,664 shares during the period. National Bank of Canada FI acquired a new position in AngloGold Ashanti in the 4th quarter worth $20,311,000. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings in AngloGold Ashanti by 13.1% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 101,151 shares of the mining company’s stock valued at $2,255,000 after purchasing an additional 11,725 shares during the last quarter. Hedge funds and other institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Price Performance

AU opened at $33.13 on Wednesday. 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’s 50-day moving average price is $32.86 and its 200 day moving average price is $28.58. AngloGold Ashanti plc has a fifty-two week low of $21.65 and a fifty-two week high of $38.63. The firm has a market cap of $13.91 billion, a price-to-earnings ratio of 10.35 and a beta of 0.81.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.10). The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. As a group, sell-side analysts expect that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.69 dividend. This represents a yield of 2.8%. This is a boost from AngloGold Ashanti’s previous semi-annual dividend of $0.22. The ex-dividend date of this dividend was Friday, March 14th. AngloGold Ashanti’s dividend payout ratio (DPR) is presently 43.13%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AU. Royal Bank of Canada raised their price objective on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. StockNews.com raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. Finally, Scotiabank boosted their price target on AngloGold Ashanti from $30.00 to $34.00 and gave the company a “sector perform” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.25.

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.