Rhumbline Advisers Boosts Stake in AngloGold Ashanti plc (NYSE:AU)

Rhumbline Advisers raised its holdings in AngloGold Ashanti plc (NYSE:AU) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,745 shares of the mining company’s stock after acquiring an additional 910 shares during the period. Rhumbline Advisers’ holdings in AngloGold Ashanti were worth $248,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in AngloGold Ashanti by 378.2% in the third quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company’s stock worth $127,000 after acquiring an additional 3,782 shares in the last quarter. TT International Asset Management LTD boosted its holdings in shares of AngloGold Ashanti by 51.3% in the 3rd quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company’s stock worth $75,525,000 after purchasing an additional 962,141 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of AngloGold Ashanti by 297.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 259,120 shares of the mining company’s stock valued at $6,900,000 after purchasing an additional 193,992 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of AngloGold Ashanti by 10.9% during the 4th quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company’s stock valued at $586,504,000 after buying an additional 2,491,130 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in AngloGold Ashanti by 1,504.8% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 391,715 shares of the mining company’s stock worth $10,419,000 after buying an additional 367,306 shares during the last quarter. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Trading Up 2.3 %

Shares of AU opened at $31.61 on Monday. The stock has a market capitalization of $13.27 billion, a P/E ratio of 9.88 and a beta of 0.92. AngloGold Ashanti plc has a twelve month low of $20.05 and a twelve month high of $33.77. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. The firm has a fifty day simple moving average of $28.93 and a two-hundred day simple moving average of $27.67.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings data 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 firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. On average, research analysts anticipate that AngloGold Ashanti plc will post 3.83 EPS for the current year.

AngloGold Ashanti Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.69 dividend. This is a positive change from AngloGold Ashanti’s previous semi-annual dividend of $0.22. This represents a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, March 14th. AngloGold Ashanti’s dividend payout ratio (DPR) is currently 43.13%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. StockNews.com cut shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of AngloGold Ashanti in a research report on Thursday, February 20th. Finally, Scotiabank lifted their price objective on AngloGold Ashanti from $30.00 to $34.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.00.

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.