AngloGold Ashanti plc (NYSE:AU) Position Cut by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC trimmed its stake in AngloGold Ashanti plc (NYSE:AU) by 35.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,757 shares of the mining company’s stock after selling 1,532 shares during the quarter. Tower Research Capital LLC TRC’s holdings in AngloGold Ashanti were worth $52,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Gradient Investments LLC increased its holdings in shares of AngloGold Ashanti by 187.9% during the third quarter. Gradient Investments LLC now owns 3,677 shares of the mining company’s stock valued at $58,000 after purchasing an additional 2,400 shares during the period. Blue Trust Inc. grew its holdings in AngloGold Ashanti by 132.0% during the fourth quarter. Blue Trust Inc. now owns 4,023 shares of the mining company’s stock worth $75,000 after acquiring an additional 2,289 shares during the period. Headlands Technologies LLC grew its holdings in AngloGold Ashanti by 75.0% during the third quarter. Headlands Technologies LLC now owns 6,342 shares of the mining company’s stock worth $100,000 after acquiring an additional 2,717 shares during the period. Quadrant Capital Group LLC grew its holdings in AngloGold Ashanti by 39.9% during the fourth quarter. Quadrant Capital Group LLC now owns 7,525 shares of the mining company’s stock worth $141,000 after acquiring an additional 2,146 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in AngloGold Ashanti by 6.3% during the third quarter. O Shaughnessy Asset Management LLC now owns 10,784 shares of the mining company’s stock worth $170,000 after acquiring an additional 643 shares during the period. 36.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AU has been the topic of a number of research analyst reports. HSBC lowered AngloGold Ashanti from a “hold” rating to a “reduce” rating in a report on Friday, April 19th. JPMorgan Chase & Co. lifted their target price on AngloGold Ashanti from $23.00 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. Finally, StockNews.com raised AngloGold Ashanti from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, AngloGold Ashanti presently has an average rating of “Hold” and a consensus target price of $24.25.

AngloGold Ashanti Trading Down 7.3 %

AU traded down $1.81 during trading on Tuesday, reaching $22.99. The company had a trading volume of 2,845,900 shares, compared to its average volume of 2,218,546. The firm’s 50-day simple moving average is $21.88 and its 200 day simple moving average is $19.30. AngloGold Ashanti plc has a 12-month low of $14.91 and a 12-month high of $30.26.

AngloGold Ashanti Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from AngloGold Ashanti’s previous semi-annual dividend of $0.03. This represents a yield of 1.1%.

AngloGold Ashanti Company Profile

AngloGold Ashanti plc operates as a gold mining company in Africa, the Americas, and Australia. 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 project located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.