Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Acquires New Holdings in AngloGold Ashanti plc (NYSE:AU)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in AngloGold Ashanti plc (NYSE:AU) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,000 shares of the mining company’s stock, valued at approximately $562,000. AngloGold Ashanti comprises about 0.8% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s investment portfolio, making the stock its 14th largest position.

Several other large investors also recently made changes to their positions in AU. Van ECK Associates Corp raised its stake in shares of AngloGold Ashanti by 10.9% during the fourth quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company’s stock valued at $586,504,000 after purchasing an additional 2,491,130 shares in the last quarter. Vanguard Group Inc. increased its stake in AngloGold Ashanti by 22.9% during the 4th quarter. Vanguard Group Inc. now owns 20,857,324 shares of the mining company’s stock valued at $467,795,000 after buying an additional 3,882,283 shares during the period. FMR LLC raised 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 worth $277,968,000 after buying an additional 2,957,304 shares in the last quarter. Carrhae Capital LLP lifted its stake in shares of AngloGold Ashanti by 170.0% in the 4th quarter. Carrhae Capital LLP now owns 3,459,193 shares of the mining company’s stock worth $79,838,000 after acquiring an additional 2,177,783 shares during the period. Finally, TT International Asset Management LTD boosted its holdings in shares of AngloGold Ashanti by 51.3% in 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 acquiring an additional 962,141 shares in the last quarter. Institutional investors and hedge funds own 36.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AU shares. Scotiabank upped their target price on AngloGold Ashanti from $30.00 to $34.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 target price on shares of AngloGold Ashanti in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. dropped 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 report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $34.00.

AngloGold Ashanti Trading Up 2.3 %

NYSE:AU opened at $37.00 on Friday. The stock has a fifty day simple moving average of $31.69 and a 200 day simple moving average of $28.15. The firm has a market capitalization of $15.53 billion, a price-to-earnings ratio of 11.56 and a beta of 0.92. AngloGold Ashanti plc has a 1-year low of $21.65 and a 1-year high of $38.16. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46.

AngloGold Ashanti (NYSE:AU) last announced its 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 business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. Sell-side analysts forecast that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

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

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.