BNP Paribas Arbitrage SA Increases Stock Position in AngloGold Ashanti Limited (NYSE:AU)

BNP Paribas Arbitrage SA grew its stake in shares of AngloGold Ashanti Limited (NYSE:AU) by 27.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 323,491 shares of the mining company’s stock after acquiring an additional 69,463 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.08% of AngloGold Ashanti worth $6,010,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp boosted its holdings in shares of AngloGold Ashanti by 3.0% during the 2nd quarter. Van ECK Associates Corp now owns 22,128,588 shares of the mining company’s stock valued at $411,149,000 after acquiring an additional 650,325 shares during the last quarter. BlackRock Inc. lifted its stake in shares of AngloGold Ashanti by 102.5% in the 1st quarter. BlackRock Inc. now owns 15,247,725 shares of the mining company’s stock worth $334,993,000 after purchasing an additional 7,718,948 shares during the period. Capital International Investors lifted its stake in shares of AngloGold Ashanti by 3.5% in the 1st quarter. Capital International Investors now owns 8,433,075 shares of the mining company’s stock worth $185,275,000 after purchasing an additional 288,386 shares during the period. AQR Capital Management LLC lifted its stake in shares of AngloGold Ashanti by 24.8% in the 1st quarter. AQR Capital Management LLC now owns 5,548,341 shares of the mining company’s stock worth $121,897,000 after purchasing an additional 1,101,839 shares during the period. Finally, Nuveen Asset Management LLC lifted its stake in shares of AngloGold Ashanti by 78.8% in the 1st quarter. Nuveen Asset Management LLC now owns 4,704,399 shares of the mining company’s stock worth $103,355,000 after purchasing an additional 2,073,669 shares during the period. 28.15% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on AU shares. Investec upgraded shares of AngloGold Ashanti from a “sell” rating to a “hold” rating in a research note on Friday, July 9th. Zacks Investment Research cut shares of AngloGold Ashanti from a “hold” rating to a “sell” rating in a research note on Wednesday, August 11th. BMO Capital Markets cut shares of AngloGold Ashanti from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $30.00 to $27.00 in a research note on Wednesday, June 2nd. Finally, Royal Bank of Canada decreased their target price on shares of AngloGold Ashanti from $22.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Friday, August 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.25.

NYSE AU opened at $15.34 on Wednesday. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 6.45, a PEG ratio of 2.79 and a beta of 0.51. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.45. AngloGold Ashanti Limited has a 12 month low of $14.57 and a 12 month high of $28.48. The company’s 50 day moving average is $17.27 and its two-hundred day moving average is $20.15.

AngloGold Ashanti (NYSE:AU) last released its quarterly earnings data on Friday, August 6th. The mining company reported $0.39 earnings per share (EPS) for the quarter. The company had revenue of $986.00 million for the quarter. Sell-side analysts forecast that AngloGold Ashanti Limited will post 1.62 EPS for the current year.

The business also recently disclosed a dividend, which was paid on Monday, September 20th. Stockholders of record on Friday, August 27th were given a dividend of $0.5252 per share. This represents a dividend yield of 3.33%. The ex-dividend date was Thursday, August 26th. AngloGold Ashanti’s payout ratio is currently 5.04%.

AngloGold Ashanti Company Profile

AngloGold Ashanti Ltd. engages in the exploration, mining, and production of gold. It operates through the following business segments: Africa, Australia, and Americas. The Africa segment consists of Ghana, Guinea, the DRC (Democratic Republic of the Congo), and Tanzania. The Americas segment comprises of Argentina, Brazil, and projects in Colombia and the United States.

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Institutional Ownership by Quarter for AngloGold Ashanti (NYSE:AU)

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