Allianz Asset Management GmbH Has $44.65 Million Position in AngloGold Ashanti plc (NYSE:AU)

Allianz Asset Management GmbH raised its stake in shares of AngloGold Ashanti plc (NYSE:AU) by 39.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,934,603 shares of the mining company’s stock after buying an additional 542,463 shares during the quarter. Allianz Asset Management GmbH owned about 0.46% of AngloGold Ashanti worth $44,651,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. US Bancorp DE grew its position in shares of AngloGold Ashanti by 1.0% during the 3rd quarter. US Bancorp DE now owns 47,103 shares of the mining company’s stock worth $1,254,000 after buying an additional 466 shares during the period. Rhumbline Advisers grew its position in shares of AngloGold Ashanti by 9.3% during the 4th quarter. Rhumbline Advisers now owns 10,745 shares of the mining company’s stock worth $248,000 after buying an additional 910 shares during the period. Blue Trust Inc. grew its position in shares of AngloGold Ashanti by 17.6% in the 4th quarter. Blue Trust Inc. now owns 7,043 shares of the mining company’s stock valued at $163,000 after purchasing an additional 1,052 shares during the period. Cigna Investments Inc. New grew its position in shares of AngloGold Ashanti by 17.0% in the 4th quarter. Cigna Investments Inc. New now owns 9,581 shares of the mining company’s stock valued at $214,000 after purchasing an additional 1,390 shares during the period. Finally, Quantinno Capital Management LP grew its position in shares of AngloGold Ashanti by 6.1% in the 3rd quarter. Quantinno Capital Management LP now owns 26,080 shares of the mining company’s stock valued at $695,000 after purchasing an additional 1,508 shares during the period. 36.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Scotiabank upgraded AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price objective for the company in a research report on Thursday, November 21st. JPMorgan Chase & Co. decreased their price objective on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective on shares of AngloGold Ashanti in a research report on Thursday. Finally, StockNews.com lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.00.

AngloGold Ashanti Trading Down 1.2 %

NYSE AU opened at $31.63 on Friday. The stock’s 50 day moving average price is $27.55 and its two-hundred day moving average price is $27.69. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73. AngloGold Ashanti plc has a 52 week low of $17.01 and a 52 week high of $33.77.

AngloGold Ashanti (NYSE:AU) last released 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 during the quarter, compared to analysts’ expectations of $1.75 billion. As a group, research 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 disclosed a semi-annual dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a dividend yield of 2.8%. This is a boost from AngloGold Ashanti’s previous semi-annual dividend of $0.22.

AngloGold Ashanti 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.