Signaturefd LLC Has $142,000 Stake in AngloGold Ashanti plc (NYSE:AU)

Signaturefd LLC increased its holdings in shares of AngloGold Ashanti plc (NYSE:AU) by 66.7% in the 4th quarter, HoldingsChannel.com reports. The firm 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 SEC filing.

Several other large investors have also added to or reduced their stakes in AU. FMR LLC boosted 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 worth $277,968,000 after purchasing an additional 2,957,304 shares during the last quarter. Van ECK Associates Corp boosted its holdings in AngloGold Ashanti by 10.9% during the fourth quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company’s stock worth $586,504,000 after purchasing an additional 2,491,130 shares during the last quarter. Ninety One UK Ltd acquired a new position in AngloGold Ashanti during the fourth quarter worth $45,043,000. TT International Asset Management LTD boosted its holdings in 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 purchasing an additional 962,141 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in 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 purchasing an additional 768,363 shares during the last quarter. Institutional investors and hedge funds own 36.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AU. JPMorgan Chase & Co. reduced their target price on shares of AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Scotiabank upped 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 report on Tuesday, February 25th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price target on shares of AngloGold Ashanti in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, AngloGold Ashanti presently has a consensus rating of “Hold” and a consensus target price of $34.00.

AngloGold Ashanti Price Performance

Shares of AU opened at $35.43 on Friday. The firm has a market capitalization of $14.87 billion, a PE ratio of 11.07 and a beta of 0.92. The company’s 50-day moving average is $30.78 and its 200-day moving average is $27.90. AngloGold Ashanti plc has a fifty-two week low of $21.23 and a fifty-two week high of $36.69. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings data on Wednesday, February 19th. The mining company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.10). The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. Equities 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 will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.69 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from AngloGold Ashanti’s previous semi-annual dividend of $0.22. This represents a dividend yield of 2.8%. AngloGold Ashanti’s dividend payout ratio is presently 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.