Price T Rowe Associates Inc. MD Has $59.31 Million Holdings in AngloGold Ashanti plc (NYSE:AU)

Price T Rowe Associates Inc. MD grew its stake in shares of AngloGold Ashanti plc (NYSE:AU) by 68.6% in the 4th quarter, HoldingsChannel reports. The fund owned 2,569,868 shares of the mining company’s stock after purchasing an additional 1,045,335 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in AngloGold Ashanti were worth $59,313,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Whittier Trust Co. acquired a new stake in shares of AngloGold Ashanti in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of AngloGold Ashanti by 210.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company’s stock valued at $27,000 after purchasing an additional 796 shares in the last quarter. Nomura Asset Management Co. Ltd. acquired a new stake in shares of AngloGold Ashanti in the 4th quarter valued at $32,000. R Squared Ltd acquired a new position in shares of AngloGold Ashanti during the 4th quarter worth $36,000. Finally, Decker Retirement Planning Inc. acquired a new position in shares of AngloGold Ashanti during the 4th quarter worth $69,000. 36.09% of the stock is currently owned by institutional investors and hedge funds.

AngloGold Ashanti Stock Performance

Shares of AU stock opened at $41.24 on Tuesday. The business’s 50-day moving average price is $35.75 and its 200-day moving average price is $30.08. AngloGold Ashanti plc has a 12 month low of $22.13 and a 12 month high of $46.90. The firm has a market capitalization of $17.31 billion, a price-to-earnings ratio of 12.89 and a beta of 0.81. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.10). The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Equities research analysts forecast that AngloGold Ashanti plc will post 3.83 EPS for the current year.

AngloGold Ashanti Increases Dividend

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

Analyst Ratings Changes

Several analysts recently weighed in on AU shares. HSBC reaffirmed a “reduce” rating and issued a $35.00 price objective on shares of AngloGold Ashanti in a research note on Thursday, April 17th. Scotiabank raised their price objective on AngloGold Ashanti from $34.00 to $42.00 and gave the company a “sector perform” rating in a research note on Monday, April 14th. JPMorgan Chase & Co. raised their price objective on AngloGold Ashanti from $33.00 to $53.00 and gave the company an “overweight” rating in a research note on Monday. StockNews.com raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Finally, Royal Bank of Canada raised their price objective on AngloGold Ashanti from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

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.