AngloGold Ashanti (NYSE:AU) Trading Up 5.8%

AngloGold Ashanti Limited (NYSE:AU) shares were up 5.8% during trading on Thursday . The stock traded as high as $18.40 and last traded at $17.72, approximately 4,394,900 shares changed hands during mid-day trading. An increase of 7% from the average daily volume of 4,103,894 shares. The stock had previously closed at $16.75.

Several analysts have commented on AU shares. Zacks Investment Research raised AngloGold Ashanti from a “sell” rating to a “hold” rating in a report on Thursday, March 12th. UBS Group began coverage on AngloGold Ashanti in a report on Thursday, February 6th. They issued a “neutral” rating on the stock. Finally, ValuEngine raised AngloGold Ashanti from a “sell” rating to a “hold” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $21.79.

The company has a debt-to-equity ratio of 0.53, a current ratio of 1.16 and a quick ratio of 0.52. The stock has a 50 day moving average price of $18.56 and a 200-day moving average price of $19.83. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 1.45 and a beta of -0.27.

The company also recently declared an annual dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be paid a $0.1102 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This is a positive change from AngloGold Ashanti’s previous annual dividend of $0.07. This represents a dividend yield of 0.3%. AngloGold Ashanti’s payout ratio is currently 8.79%.

Large investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of AngloGold Ashanti in the fourth quarter worth approximately $50,000. Man Group plc lifted its position in AngloGold Ashanti by 86.7% during the third quarter. Man Group plc now owns 754,271 shares of the mining company’s stock worth $13,781,000 after buying an additional 350,187 shares in the last quarter. State Street Corp lifted its position in AngloGold Ashanti by 7.0% during the third quarter. State Street Corp now owns 224,424 shares of the mining company’s stock worth $4,100,000 after buying an additional 14,732 shares in the last quarter. Squarepoint Ops LLC purchased a new position in AngloGold Ashanti during the third quarter worth approximately $489,000. Finally, LGT Capital Partners LTD. lifted its position in AngloGold Ashanti by 8.6% during the fourth quarter. LGT Capital Partners LTD. now owns 1,883,866 shares of the mining company’s stock worth $42,086,000 after buying an additional 149,400 shares in the last quarter. 33.87% of the stock is currently owned by hedge funds and other institutional investors.

About AngloGold Ashanti (NYSE:AU)

AngloGold Ashanti Limited operates as a gold mining company. It also produces silver, uranium, and sulphuric acid; and dóre bars. The company operates 14 mines and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.

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