Signaturefd LLC Buys 2,465 Shares of AngloGold Ashanti plc (NYSE:AU)

Signaturefd LLC grew its stake in AngloGold Ashanti plc (NYSE:AU) by 66.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,159 shares of the mining company’s stock after acquiring an additional 2,465 shares during the period. Signaturefd LLC’s holdings in AngloGold Ashanti were worth $142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of AU. FMR LLC raised its stake in shares of AngloGold Ashanti by 39.5% in the third quarter. FMR LLC now owns 10,448,445 shares of the mining company’s stock worth $277,968,000 after acquiring an additional 2,957,304 shares during the last quarter. Van ECK Associates Corp raised its stake 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 acquiring an additional 2,491,130 shares during the last quarter. Ninety One UK Ltd bought a new stake in shares of AngloGold Ashanti during the fourth quarter worth approximately $45,043,000. TT International Asset Management LTD raised its stake in shares of 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 worth $75,525,000 after buying an additional 962,141 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of AngloGold Ashanti by 159.0% during 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 worth $33,327,000 after buying an additional 768,363 shares during the last quarter. 36.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Scotiabank boosted their price target on shares of AngloGold Ashanti from $30.00 to $34.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target on shares of AngloGold Ashanti in a research note on Thursday, February 20th. One equities research 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.com, the company currently has a consensus rating of “Hold” and an average target price of $34.00.

AngloGold Ashanti Stock Down 2.9 %

Shares of NYSE:AU opened at $35.43 on Friday. AngloGold Ashanti plc has a 52 week low of $21.23 and a 52 week high of $36.69. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73. The company has a market capitalization of $14.87 billion, a PE ratio of 11.07 and a beta of 0.92. The company has a 50 day moving average price of $30.78 and a two-hundred day moving average price of $27.90.

AngloGold Ashanti (NYSE:AU) last issued 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 analysts’ expectations of $1.75 billion. Analysts forecast that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.69 dividend. This represents a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from AngloGold Ashanti’s previous semi-annual dividend of $0.22. AngloGold Ashanti’s dividend payout ratio is 43.13%.

About AngloGold Ashanti

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.