AngloGold Ashanti Limited (NYSE:AU) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its position in AngloGold Ashanti Limited (NYSE:AUGet Rating) by 32.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 530,199 shares of the mining company’s stock after selling 252,125 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in AngloGold Ashanti were worth $12,560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in AU. Van ECK Associates Corp raised its stake in AngloGold Ashanti by 14.8% in the 1st quarter. Van ECK Associates Corp now owns 22,619,173 shares of the mining company’s stock valued at $535,848,000 after purchasing an additional 2,917,542 shares during the last quarter. Coronation Fund Managers Ltd. increased its stake in shares of AngloGold Ashanti by 42.8% during the 4th quarter. Coronation Fund Managers Ltd. now owns 8,197,097 shares of the mining company’s stock valued at $171,975,000 after acquiring an additional 2,458,059 shares during the last quarter. Capricorn Fund Managers Ltd acquired a new position in shares of AngloGold Ashanti during the 1st quarter valued at about $18,479,000. Allianz Asset Management GmbH increased its stake in shares of AngloGold Ashanti by 51.6% during the 1st quarter. Allianz Asset Management GmbH now owns 2,050,334 shares of the mining company’s stock valued at $48,572,000 after acquiring an additional 697,908 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of AngloGold Ashanti by 44.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,412,291 shares of the mining company’s stock valued at $33,457,000 after acquiring an additional 432,001 shares during the last quarter. Institutional investors and hedge funds own 25.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AU shares. StockNews.com downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Friday. Investec raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Thursday, July 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of AngloGold Ashanti from $19.00 to $17.50 in a research report on Monday, August 8th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, AngloGold Ashanti has a consensus rating of “Moderate Buy” and an average price target of $19.23.

AngloGold Ashanti Trading Up 1.9 %

AU opened at $13.09 on Tuesday. The firm has a 50 day moving average price of $14.39 and a 200 day moving average price of $17.90. AngloGold Ashanti Limited has a 1 year low of $12.44 and a 1 year high of $26.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.02 and a quick ratio of 2.09.

AngloGold Ashanti Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, September 19th. Investors of record on Friday, August 26th were given a dividend of $0.2935 per share. This represents a yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 25th. This is an increase from AngloGold Ashanti’s previous semi-annual dividend of $0.14.

AngloGold Ashanti Company Profile

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AngloGold Ashanti Limited operates as a gold mining company in Africa, the Americas, and Australia. Its flagship property is a 100% owned Geita project located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania. The company also explores for silver and sulphuric acid. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.

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Institutional Ownership by Quarter for AngloGold Ashanti (NYSE:AU)

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