AngloGold Ashanti (NYSE:AU – Get Rating) had its target price cut by Deutsche Bank Aktiengesellschaft from $19.00 to $17.50 in a research note published on Monday morning, The Fly reports.
Separately, Investec upgraded AngloGold Ashanti from a hold rating to a buy rating in a report on Thursday, July 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $19.23.
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AngloGold Ashanti Stock Performance
Shares of AngloGold Ashanti stock opened at $16.11 on Monday. The stock has a fifty day simple moving average of $15.38 and a 200 day simple moving average of $19.28. AngloGold Ashanti has a 12-month low of $13.47 and a 12-month high of $26.96. The company has a current ratio of 2.69, a quick ratio of 1.80 and a debt-to-equity ratio of 0.46.
AngloGold Ashanti Increases Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, September 19th. Shareholders of record on Friday, August 26th will be paid a $0.2935 dividend. This represents a yield of 2.7%. The ex-dividend date is Thursday, August 25th. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.14.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in shares of AngloGold Ashanti by 6.9% during the 2nd quarter. Van ECK Associates Corp now owns 24,170,534 shares of the mining company's stock valued at $357,482,000 after buying an additional 1,551,361 shares during the last quarter. Coronation Fund Managers Ltd. lifted its position in shares of AngloGold Ashanti by 42.8% during the 4th quarter. Coronation Fund Managers Ltd. now owns 8,197,097 shares of the mining company's stock valued at $171,975,000 after buying an additional 2,458,059 shares during the last quarter. Ruffer LLP lifted its holdings in AngloGold Ashanti by 7.8% during the 1st quarter. Ruffer LLP now owns 4,882,311 shares of the mining company's stock worth $115,686,000 after purchasing an additional 352,369 shares in the last quarter. Oaktree Capital Management LP lifted its holdings in AngloGold Ashanti by 3.0% during the 4th quarter. Oaktree Capital Management LP now owns 4,253,821 shares of the mining company's stock worth $89,245,000 after purchasing an additional 124,413 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in AngloGold Ashanti by 20.5% during the 4th quarter. Mackenzie Financial Corp now owns 2,354,565 shares of the mining company's stock worth $49,399,000 after purchasing an additional 400,310 shares in the last quarter. Hedge funds and other institutional investors own 31.89% of the company's stock.
AngloGold Ashanti Company Profile
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AngloGold Ashanti Limited operates as a gold mining company in Africa, the Americas, and Australia. Its flagship property is a 100% owned Geita project located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania. The company also explores for silver and sulphuric acid. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.
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