Hsbc Holdings PLC Grows Stock Position in AngloGold Ashanti Limited (NYSE:AU)

Hsbc Holdings PLC increased its position in shares of AngloGold Ashanti Limited (NYSE:AU – Get Rating) by 51.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 163,735 shares of the mining company’s stock after buying an additional 55,492 shares during the quarter. Hsbc Holdings PLC’s holdings in AngloGold Ashanti were worth $2,271,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC acquired a new position in shares of AngloGold Ashanti in the second quarter worth $32,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of AngloGold Ashanti in the third quarter valued at about $90,000. Ronald Blue Trust Inc. purchased a new stake in shares of AngloGold Ashanti in the second quarter valued at about $91,000. Greenleaf Trust purchased a new stake in shares of AngloGold Ashanti in the third quarter valued at about $140,000. Finally, ClariVest Asset Management LLC purchased a new stake in shares of AngloGold Ashanti in the second quarter valued at about $144,000. Hedge funds and other institutional investors own 24.90% of the company’s stock.

AngloGold Ashanti Stock Down 0.7 %

Shares of NYSE:AU opened at $16.69 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 1.60 and a debt-to-equity ratio of 0.48. AngloGold Ashanti Limited has a one year low of $11.94 and a one year high of $26.96. The business’s 50-day simple moving average is $20.30 and its 200 day simple moving average is $16.99.

AngloGold Ashanti Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, April 10th. Shareholders of record on Friday, March 17th will be paid a dividend of $0.177 per share. The ex-dividend date is Thursday, March 16th. This represents a yield of 2.4%.

Wall Street Analysts Forecast Growth

AU has been the subject of a number of research reports. Investec raised shares of AngloGold Ashanti from a “sell” rating to a “buy” rating in a report on Friday, January 13th. HSBC lowered AngloGold Ashanti from a “buy” rating to a “reduce” rating in a research note on Monday, January 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on AngloGold Ashanti from $20.00 to $27.00 in a research note on Tuesday, January 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.60.

AngloGold Ashanti Profile

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AngloGold Ashanti Ltd. engages in the exploration, mining, and production of gold. It operates through the following business segments: Africa, Australia, and Americas. The Africa segment consists of Ghana, Guinea, the DRC (Democratic Republic of the Congo), and Tanzania. The Americas segment comprises of Argentina, Brazil, and projects in Colombia and the United States.