AngloGold Ashanti Limited (NYSE:AU) saw unusually-strong trading volume on Tuesday . Approximately 359,656 shares were traded during mid-day trading, a decline of 90% from the previous session’s volume of 3,439,729 shares.The stock last traded at $22.59 and had previously closed at $22.95.

A number of research analysts have recently weighed in on AU shares. Royal Bank of Canada dropped their price target on AngloGold Ashanti from $38.00 to $23.00 and set a “sector perform” rating for the company in a research report on Monday, March 1st. The Goldman Sachs Group started coverage on AngloGold Ashanti in a research report on Thursday, February 11th. They set a “buy” rating for the company. Zacks Investment Research cut AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 16th. HSBC upgraded AngloGold Ashanti from a “reduce” rating to a “hold” rating in a research report on Monday, March 15th. Finally, Renaissance Capital upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Thursday, March 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $32.26.

The firm has a market capitalization of $9.12 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 0.34 and a beta of 0.43. The company has a current ratio of 2.65, a quick ratio of 1.99 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average price of $21.60 and a two-hundred day moving average price of $23.35.

The company also recently disclosed an annual dividend, which was paid on Monday, April 5th. Stockholders of record on Friday, March 12th were paid a $0.4805 dividend. This is a positive change from AngloGold Ashanti’s previous annual dividend of $0.11. This represents a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, March 11th. AngloGold Ashanti’s payout ratio is currently 40.66%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. tru Independence LLC purchased a new stake in AngloGold Ashanti during the 4th quarter worth approximately $24,905,000. Amundi Pioneer Asset Management Inc. increased its holdings in AngloGold Ashanti by 6.3% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,730,753 shares of the mining company’s stock worth $39,149,000 after purchasing an additional 102,535 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in AngloGold Ashanti by 0.3% during the 4th quarter. UBS Asset Management Americas Inc. now owns 628,413 shares of the mining company’s stock worth $14,215,000 after purchasing an additional 1,600 shares during the last quarter. Principal Financial Group Inc. increased its holdings in AngloGold Ashanti by 43.1% during the 4th quarter. Principal Financial Group Inc. now owns 188,123 shares of the mining company’s stock worth $4,255,000 after purchasing an additional 56,662 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in AngloGold Ashanti during the 4th quarter worth approximately $2,981,000. 29.62% of the stock is currently owned by institutional investors and hedge funds.

AngloGold Ashanti Company Profile (NYSE:AU)

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

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