Jump Financial LLC Makes New Investment in AngloGold Ashanti plc (NYSE:AU)

Jump Financial LLC purchased a new stake in AngloGold Ashanti plc (NYSE:AU) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 161,493 shares of the mining company’s stock, valued at approximately $3,727,000.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in AngloGold Ashanti by 378.2% in the third quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company’s stock valued at $127,000 after purchasing an additional 3,782 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of AngloGold Ashanti in the 4th quarter worth approximately $406,000. Van ECK Associates Corp raised its stake in shares of 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 worth $586,504,000 after acquiring an additional 2,491,130 shares in the last quarter. Ninety One UK Ltd purchased a new stake in AngloGold Ashanti during the fourth quarter valued at approximately $45,043,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in AngloGold Ashanti by 47.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 381,627 shares of the mining company’s stock valued at $8,808,000 after acquiring an additional 122,507 shares in the last quarter. Institutional investors own 36.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. HSBC reiterated a “reduce” rating and set a $35.00 price objective on shares of AngloGold Ashanti in a report on Thursday. StockNews.com raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. Scotiabank upped their price objective on shares of AngloGold Ashanti from $34.00 to $42.00 and gave the company a “sector perform” rating in a report on Monday. Finally, Royal Bank of Canada lifted their target price on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.80.

AngloGold Ashanti Stock Down 5.3 %

Shares of AU stock opened at $43.19 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73. AngloGold Ashanti plc has a fifty-two week low of $21.65 and a fifty-two week high of $46.90. The firm has a market capitalization of $18.13 billion, a PE ratio of 13.50 and a beta of 0.81. The stock’s 50-day simple moving average is $34.45 and its 200-day simple moving average is $29.29.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings results 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 company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. Equities analysts expect that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.69 dividend. This represents a yield of 2.8%. This is a positive change from AngloGold Ashanti’s previous semi-annual dividend of $0.22. The ex-dividend date was Friday, March 14th. AngloGold Ashanti’s dividend payout ratio is presently 43.13%.

AngloGold Ashanti Profile

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.