AngloGold Ashanti plc (NYSE:AU) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of AngloGold Ashanti plc (NYSE:AU) by 59.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 520,772 shares of the mining company’s stock after buying an additional 193,664 shares during the quarter. Geode Capital Management LLC owned about 0.12% of AngloGold Ashanti worth $12,019,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AU. Whittier Trust Co. acquired a new stake in AngloGold Ashanti in the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its position in shares of AngloGold Ashanti by 210.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company’s stock valued at $27,000 after acquiring an additional 796 shares in the last quarter. Nomura Asset Management Co. Ltd. purchased a new stake in shares of AngloGold Ashanti during the fourth quarter worth about $32,000. R Squared Ltd purchased a new stake in AngloGold Ashanti in the 4th quarter worth approximately $36,000. Finally, Decker Retirement Planning Inc. acquired a new position in AngloGold Ashanti in the fourth quarter valued at $69,000. 36.09% of the stock is owned by institutional investors and hedge funds.

AngloGold Ashanti Stock Up 2.2 %

Shares of AU stock opened at $44.21 on Tuesday. AngloGold Ashanti plc has a 1 year low of $21.65 and a 1 year high of $46.90. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73. The stock has a market cap of $18.56 billion, a PE ratio of 13.82 and a beta of 0.81. The business’s fifty day moving average is $34.87 and its 200-day moving average is $29.57.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.10). The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. Equities analysts expect that AngloGold Ashanti plc will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.69 dividend. This represents a yield of 2.8%. This is an increase 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 payout ratio is currently 43.13%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. HSBC reiterated a “reduce” rating and issued a $35.00 price target on shares of AngloGold Ashanti in a report on Thursday, April 17th. Scotiabank increased their target price on AngloGold Ashanti from $34.00 to $42.00 and gave the company a “sector perform” rating in a research note on Monday, April 14th. Royal Bank of Canada boosted their price objective on AngloGold Ashanti from $39.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, April 4th. Finally, StockNews.com raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.80.

AngloGold Ashanti 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.