TD Asset Management Inc Acquires 4,149 Shares of AngloGold Ashanti PLC (NYSE:AU)

TD Asset Management Inc grew its position in shares of AngloGold Ashanti PLC (NYSE:AU) by 2.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 162,415 shares of the mining company’s stock after acquiring an additional 4,149 shares during the quarter. TD Asset Management Inc’s holdings in AngloGold Ashanti were worth $6,029,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in AngloGold Ashanti by 274.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,133,744 shares of the mining company’s stock worth $118,448,000 after purchasing an additional 3,764,165 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of AngloGold Ashanti by 3,767.1% during the fourth quarter. Marshall Wace LLP now owns 2,751,410 shares of the mining company’s stock valued at $63,503,000 after purchasing an additional 2,680,261 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of AngloGold Ashanti by 68.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,569,868 shares of the mining company’s stock valued at $59,313,000 after purchasing an additional 1,045,335 shares in the last quarter. Ninety One UK Ltd increased its holdings in AngloGold Ashanti by 19.8% during the first quarter. Ninety One UK Ltd now owns 2,337,673 shares of the mining company’s stock valued at $86,774,000 after buying an additional 386,078 shares during the period. Finally, Deutsche Bank AG raised its stake in AngloGold Ashanti by 58.7% in the fourth quarter. Deutsche Bank AG now owns 2,046,670 shares of the mining company’s stock worth $47,237,000 after buying an additional 756,801 shares in the last quarter. Hedge funds and other institutional investors own 36.09% of the company’s stock.

Analysts Set New Price Targets

AU has been the subject of a number of analyst reports. Scotiabank upped their price objective on AngloGold Ashanti from $42.00 to $43.50 and gave the stock a “sector perform” rating in a research note on Monday, May 12th. HSBC reissued a “reduce” rating and set a $35.00 price target on shares of AngloGold Ashanti in a research report on Thursday, April 17th. JPMorgan Chase & Co. boosted their price objective on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Roth Capital restated a “buy” rating on shares of AngloGold Ashanti in a research note on Friday. Finally, Royal Bank Of Canada lifted their price target on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $45.08.

AngloGold Ashanti Stock Up 5.5%

AU stock opened at $48.79 on Friday. AngloGold Ashanti PLC has a 12 month low of $22.45 and a 12 month high of $51.93. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.34 and a quick ratio of 1.57. The company has a market capitalization of $20.48 billion, a P/E ratio of 16.05 and a beta of 0.46. The firm’s fifty day simple moving average is $47.22 and its 200-day simple moving average is $39.51.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings results on Friday, August 1st. The mining company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.06). AngloGold Ashanti had a net margin of 21.09% and a return on equity of 21.18%. The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.29 billion. As a group, equities research analysts forecast that AngloGold Ashanti PLC will post 3.83 earnings per share for the current year.

AngloGold Ashanti Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 114.0%. AngloGold Ashanti’s dividend payout ratio is presently 16.45%.

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.