86,983 Shares in AngloGold Ashanti plc (NYSE:AU) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new stake in AngloGold Ashanti plc (NYSE:AU) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 86,983 shares of the mining company’s stock, valued at approximately $16,260,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AU. Vanguard Group Inc. acquired a new position in AngloGold Ashanti in the third quarter worth about $245,342,000. Deutsche Bank AG bought a new stake in shares of AngloGold Ashanti in the 3rd quarter valued at approximately $25,027,000. FMR LLC lifted its stake in AngloGold Ashanti by 35,493.9% during the third quarter. FMR LLC now owns 1,279,602 shares of the mining company’s stock worth $20,593,000 after purchasing an additional 1,276,007 shares during the last quarter. Swiss National Bank acquired a new position in AngloGold Ashanti in the third quarter worth $17,101,000. Finally, Invesco Ltd. increased its stake in AngloGold Ashanti by 306.1% during 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 last quarter. 36.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AU. HSBC downgraded shares of AngloGold Ashanti from a “hold” rating to a “reduce” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. upped their target price on AngloGold Ashanti from $23.00 to $31.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Finally, StockNews.com upgraded AngloGold Ashanti from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $24.25.

AngloGold Ashanti Price Performance

AngloGold Ashanti stock opened at $23.12 on Friday. The firm has a 50-day moving average price of $22.21 and a two-hundred day moving average price of $19.39. AngloGold Ashanti plc has a 52-week low of $14.91 and a 52-week high of $30.26.

AngloGold Ashanti Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.19 dividend. This represents a yield of 1.1%. This is a positive change from AngloGold Ashanti’s previous semi-annual dividend of $0.03. The ex-dividend date of this dividend was Thursday, March 14th.

AngloGold Ashanti Company Profile

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.