AngloGold Ashanti Limited (NYSE:AU) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP decreased its position in AngloGold Ashanti Limited (NYSE:AU – Get Rating) by 46.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,871 shares of the mining company’s stock after selling 10,437 shares during the quarter. ExodusPoint Capital Management LP’s holdings in AngloGold Ashanti were worth $164,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AU. Millennium Management LLC boosted its stake in AngloGold Ashanti by 159.4% during the 2nd quarter. Millennium Management LLC now owns 1,187,190 shares of the mining company’s stock valued at $17,559,000 after acquiring an additional 729,600 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of AngloGold Ashanti by 51.6% in the 1st quarter. Allianz Asset Management GmbH now owns 2,050,334 shares of the mining company’s stock valued at $48,572,000 after purchasing an additional 697,908 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of AngloGold Ashanti by 5.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,002,317 shares of the mining company’s stock valued at $162,724,000 after purchasing an additional 594,702 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of AngloGold Ashanti by 14.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,520,932 shares of the mining company’s stock valued at $62,483,000 after purchasing an additional 582,428 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of AngloGold Ashanti by 28.0% in the 2nd quarter. Mackenzie Financial Corp now owns 2,469,597 shares of the mining company’s stock valued at $36,525,000 after purchasing an additional 539,697 shares in the last quarter. Institutional investors and hedge funds own 24.90% of the company’s stock.

AngloGold Ashanti Trading Up 1.9 %

AU opened at $17.64 on Friday. AngloGold Ashanti Limited has a fifty-two week low of $11.94 and a fifty-two week high of $26.96. The company’s 50-day moving average price is $20.13 and its 200 day moving average price is $17.02. The company has a current ratio of 2.50, a quick ratio of 1.60 and a debt-to-equity ratio of 0.48.

AngloGold Ashanti Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, April 10th. Investors of record on Friday, March 17th will be paid a dividend of $0.177 per share. The ex-dividend date is Thursday, March 16th. This represents a yield of 2.4%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AU. HSBC lowered shares of AngloGold Ashanti from a “buy” rating to a “reduce” rating in a research note on Monday, January 30th. Investec upgraded shares of AngloGold Ashanti from a “sell” rating to a “buy” rating in a research note on Friday, January 13th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of AngloGold Ashanti from $20.00 to $27.00 in a research note on Tuesday, January 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $25.60.

AngloGold Ashanti Company Profile

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AngloGold Ashanti Ltd. engages in the exploration, mining, and production of gold. It operates through the following business segments: Africa, Australia, and Americas. The Africa segment consists of Ghana, Guinea, the DRC (Democratic Republic of the Congo), and Tanzania. The Americas segment comprises of Argentina, Brazil, and projects in Colombia and the United States.