CoreCommodity Management LLC purchased a new stake in AngloGold Ashanti Limited (NYSE:AU) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 65,309 shares of the mining company’s stock, valued at approximately $665,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in AU. Fox Run Management L.L.C. lifted its stake in AngloGold Ashanti by 44.3% in the fourth quarter. Fox Run Management L.L.C. now owns 19,050 shares of the mining company’s stock valued at $194,000 after buying an additional 5,850 shares in the last quarter. Nationwide Fund Advisors lifted its stake in AngloGold Ashanti by 202.5% in the third quarter. Nationwide Fund Advisors now owns 24,344 shares of the mining company’s stock valued at $226,000 after buying an additional 16,296 shares in the last quarter. Virtu Financial LLC lifted its stake in AngloGold Ashanti by 377.0% in the third quarter. Virtu Financial LLC now owns 84,891 shares of the mining company’s stock valued at $241,000 after buying an additional 67,094 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in AngloGold Ashanti by 95.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 26,693 shares of the mining company’s stock valued at $272,000 after buying an additional 13,051 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in AngloGold Ashanti in the fourth quarter valued at approximately $433,000. 31.76% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AngloGold Ashanti Limited (NYSE:AU) traded down $0.06 during mid-day trading on Friday, hitting $9.06. 555,576 shares of the stock were exchanged, compared to its average volume of 3,060,468. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.65 and a current ratio of 1.57. AngloGold Ashanti Limited has a twelve month low of $8.86 and a twelve month high of $13.31.
The firm also recently disclosed a None dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 23rd will be given a $0.055 dividend. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, March 22nd.
In other AngloGold Ashanti news, Director Lotan Holdings Inc. acquired 29,400 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were acquired at an average price of $1.05 per share, with a total value of $30,870.00. In the last three months, insiders bought 181,300 shares of company stock worth $170,623.
A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Wednesday, January 3rd. ValuEngine lowered shares of AngloGold Ashanti from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, Deutsche Bank raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $11.25.
ILLEGAL ACTIVITY WARNING: “CoreCommodity Management LLC Purchases Shares of 65,309 AngloGold Ashanti Limited (AU)” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/03/16/corecommodity-management-llc-acquires-new-position-in-anglogold-ashanti-limited-au.html.
About AngloGold Ashanti
AngloGold Ashanti Limited (AngloGold Ashanti) is a gold mining company. The Company’s business activities span the spectrum of the mining value chain. Its main product is gold. Its portfolio includes over 17 mines in approximately nine countries. It also produces silver, uranium and sulfuric acid as by-products.
Receive News & Ratings for AngloGold Ashanti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AngloGold Ashanti and related companies with MarketBeat.com's FREE daily email newsletter.