Mackenzie Financial Corp Sells 708,539 Shares of AngloGold Ashanti plc (NYSE:AU)

Mackenzie Financial Corp lessened its holdings in AngloGold Ashanti plc (NYSE:AU) by 23.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,371,827 shares of the mining company’s stock after selling 708,539 shares during the period. Mackenzie Financial Corp’s holdings in AngloGold Ashanti were worth $44,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of AU. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of AngloGold Ashanti by 89.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,475 shares of the mining company’s stock valued at $29,000 after purchasing an additional 695 shares in the last quarter. Atlas Capital Advisors LLC acquired a new stake in shares of AngloGold Ashanti in the 4th quarter valued at $30,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of AngloGold Ashanti in the 3rd quarter valued at $40,000. Point72 Middle East FZE acquired a new stake in shares of AngloGold Ashanti in the 2nd quarter valued at $54,000. Finally, Gradient Investments LLC boosted its stake in shares of AngloGold Ashanti by 187.9% in the 3rd 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 in the last quarter. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Trading Down 2.2 %

Shares of NYSE AU opened at $23.29 on Wednesday. The firm’s 50-day simple moving average is $20.71 and its 200 day simple moving average is $18.86. AngloGold Ashanti plc has a 12-month low of $14.91 and a 12-month high of $30.26.

AngloGold Ashanti Increases Dividend

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

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of AngloGold Ashanti from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.50.

AngloGold Ashanti 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.