AngloGold Ashanti (NYSE:AU) Shares Gap Down to $23.84

AngloGold Ashanti plc (NYSE:AU)’s share price gapped down prior to trading on Monday . The stock had previously closed at $23.84, but opened at $22.31. AngloGold Ashanti shares last traded at $22.19, with a volume of 1,190,388 shares changing hands.

Wall Street Analysts Forecast Growth

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

AngloGold Ashanti Stock Performance

The business has a 50 day moving average price of $21.27 and a two-hundred day moving average price of $19.13.

AngloGold Ashanti Increases Dividend

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

Institutional Investors Weigh In On AngloGold Ashanti

Large investors have recently made changes to their positions in the business. CWM LLC increased its position in AngloGold Ashanti by 36.1% during the 1st quarter. CWM LLC now owns 1,890 shares of the mining company’s stock valued at $42,000 after purchasing an additional 501 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in shares of AngloGold Ashanti during the third quarter valued at about $40,000. GAMMA Investing LLC raised its stake in AngloGold Ashanti by 108.9% in the first quarter. GAMMA Investing LLC now owns 2,505 shares of the mining company’s stock worth $56,000 after buying an additional 1,306 shares in the last quarter. Gradient Investments LLC lifted its holdings in AngloGold Ashanti by 187.9% in the third quarter. Gradient Investments LLC now owns 3,677 shares of the mining company’s stock worth $58,000 after buying an additional 2,400 shares during the period. Finally, Blue Trust Inc. boosted its position in AngloGold Ashanti by 132.0% during the 4th quarter. Blue Trust Inc. now owns 4,023 shares of the mining company’s stock valued at $75,000 after acquiring an additional 2,289 shares in the last quarter. 36.09% of the stock is currently owned by institutional investors.

About AngloGold Ashanti

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.