AngloGold Ashanti plc (NYSE:AU) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in shares of AngloGold Ashanti plc (NYSE:AU) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 599,937 shares of the mining company’s stock after buying an additional 54,096 shares during the period. Bank of New York Mellon Corp owned about 0.14% of AngloGold Ashanti worth $13,847,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC lifted its position in shares of AngloGold Ashanti by 39.5% during the 3rd quarter. FMR LLC now owns 10,448,445 shares of the mining company’s stock valued at $277,968,000 after acquiring an additional 2,957,304 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of AngloGold Ashanti by 10.9% in the fourth quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company’s stock worth $586,504,000 after buying an additional 2,491,130 shares during the period. Ninety One UK Ltd acquired a new stake in shares of AngloGold Ashanti in the fourth quarter worth $45,043,000. TT International Asset Management LTD boosted its position in AngloGold Ashanti by 51.3% during the third quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company’s stock valued at $75,525,000 after purchasing an additional 962,141 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of AngloGold Ashanti by 159.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,251,492 shares of the mining company’s stock valued at $33,327,000 after purchasing an additional 768,363 shares during the last quarter. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Stock Down 1.3 %

Shares of AU stock opened at $31.68 on Thursday. The stock has a market cap of $13.30 billion, a P/E ratio of 9.90 and a beta of 0.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. The stock has a fifty day moving average price of $29.44 and a 200 day moving average price of $27.70. AngloGold Ashanti plc has a one year low of $20.05 and a one year high of $33.77.

AngloGold Ashanti (NYSE:AU) last issued its earnings results on Wednesday, February 19th. The mining company reported $0.89 earnings per share 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 analyst estimates of $1.75 billion. Analysts predict that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.69 per share. 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 is Friday, March 14th. AngloGold Ashanti’s payout ratio is presently 43.13%.

Analyst Ratings Changes

Several analysts recently weighed in on AU shares. Scotiabank increased their target price on AngloGold Ashanti from $30.00 to $34.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price objective on shares of AngloGold Ashanti in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. lowered their price objective 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company 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.