Zurcher Kantonalbank Zurich Cantonalbank Grows Position in AngloGold Ashanti plc (NYSE:AU)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AngloGold Ashanti plc (NYSE:AU) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 201,558 shares of the mining company’s stock after buying an additional 1,644 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AngloGold Ashanti were worth $3,767,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AU. Vanguard Group Inc. purchased a new stake in shares of AngloGold Ashanti in the third quarter valued at $245,342,000. Deutsche Bank AG purchased a new stake in shares of AngloGold Ashanti in the third quarter valued at $25,027,000. FMR LLC grew its position in shares of AngloGold Ashanti by 35,493.9% in the third quarter. FMR LLC now owns 1,279,602 shares of the mining company’s stock valued at $20,593,000 after purchasing an additional 1,276,007 shares during the period. Swiss National Bank purchased a new stake in shares of AngloGold Ashanti in the third quarter valued at $17,101,000. Finally, Invesco Ltd. grew its position in shares of AngloGold Ashanti by 306.1% in the third quarter. Invesco Ltd. now owns 1,272,803 shares of the mining company’s stock valued at $20,110,000 after purchasing an additional 959,346 shares during the period. Hedge funds and other institutional investors own 36.09% of the company’s stock.

Wall Street Analyst Weigh In

AU has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on AngloGold Ashanti from $23.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. StockNews.com raised AngloGold Ashanti from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, HSBC downgraded AngloGold Ashanti from a “hold” rating to a “reduce” rating in a research report on Friday. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, AngloGold Ashanti has a consensus rating of “Hold” and a consensus price target of $24.25.

AngloGold Ashanti Price Performance

AU stock opened at $22.03 on Tuesday. The stock has a 50-day moving average price of $21.17 and a two-hundred day moving average price of $19.09. AngloGold Ashanti plc has a 12-month low of $14.91 and a 12-month high of $30.26.

AngloGold Ashanti Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.19 per share. This represents a dividend yield of 1.1%. The ex-dividend date was Thursday, March 14th. This is a boost from AngloGold Ashanti’s previous semi-annual dividend of $0.03.

About AngloGold Ashanti

AngloGold Ashanti plc operates as a gold mining company in Africa, the Americas, and Australia. 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 project located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.