Generali Investments CEE investicni spolecnost a.s. Makes New $439,000 Investment in AngloGold Ashanti plc (NYSE:AU)

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of AngloGold Ashanti plc (NYSE:AU) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 19,000 shares of the mining company’s stock, valued at approximately $439,000.

A number of other hedge funds also recently made changes to their positions in the stock. FMR LLC raised its holdings in AngloGold Ashanti by 39.5% during the third quarter. FMR LLC now owns 10,448,445 shares of the mining company’s stock valued at $277,968,000 after acquiring an additional 2,957,304 shares during the period. Van ECK Associates Corp raised its stake in AngloGold Ashanti by 10.9% during the 4th 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 during the period. Ninety One UK Ltd purchased a new position in AngloGold Ashanti in the 4th quarter worth approximately $45,043,000. TT International Asset Management LTD boosted its stake in AngloGold Ashanti by 51.3% in the 3rd quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company’s stock worth $75,525,000 after purchasing an additional 962,141 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in AngloGold Ashanti by 159.0% during the 3rd 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 valued at $33,327,000 after buying an additional 768,363 shares in the last quarter. 36.09% of the stock is currently owned by institutional investors.

AngloGold Ashanti Trading Up 2.3 %

NYSE AU opened at $31.61 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46. The stock has a market cap of $13.27 billion, a PE ratio of 9.88 and a beta of 0.92. The company’s 50-day moving average price is $28.93 and its 200-day moving average price is $27.70. AngloGold Ashanti plc has a 12 month low of $20.05 and a 12 month high of $33.77.

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

AngloGold Ashanti Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.69 dividend. This is an increase from AngloGold Ashanti’s previous semi-annual dividend of $0.22. This represents a dividend yield of 2.8%. The ex-dividend date is Friday, March 14th. AngloGold Ashanti’s payout ratio is presently 43.13%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Scotiabank boosted their target price on shares of AngloGold Ashanti from $30.00 to $34.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price objective on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. StockNews.com downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of AngloGold Ashanti in a report on Thursday, February 20th. One investment 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. According to data from MarketBeat, AngloGold Ashanti has an average rating of “Hold” and an average target price of $34.00.

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.