Investors Purchase Large Volume of Put Options on AngloGold Ashanti Limited (AU)

AngloGold Ashanti Limited (NYSE:AU) was the target of some unusual options trading activity on Friday. Traders bought 21,084 put options on the stock. This is an increase of 1,631% compared to the average daily volume of 1,218 put options.

Shares of AngloGold Ashanti Limited (NYSE:AU) opened at 12.99 on Friday. AngloGold Ashanti Limited has a 12 month low of $9.28 and a 12 month high of $22.91. The company has a 50-day moving average of $11.11 and a 200 day moving average of $12.07. The company has a market capitalization of $5.31 billion, a P/E ratio of 86.60 and a beta of -1.31.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 24th will be given a dividend of $0.0992 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Wednesday, March 22nd.

Several analysts recently weighed in on AU shares. Zacks Investment Research upgraded shares of AngloGold Ashanti Limited from a “strong sell” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Monday, January 23rd. Citigroup Inc downgraded shares of AngloGold Ashanti Limited from a “neutral” rating to a “sell” rating in a research report on Wednesday, February 22nd. JPMorgan Chase & Co. downgraded shares of AngloGold Ashanti Limited from an “overweight” rating to a “neutral” rating in a research report on Friday, March 3rd. Finally, Bank of America Corp upgraded shares of AngloGold Ashanti Limited from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. AngloGold Ashanti Limited has a consensus rating of “Hold” and an average target price of $14.00.

In related news, Director Matti Talikka sold 100,000 shares of AngloGold Ashanti Limited stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $1.63, for a total value of $163,000.00. Also, insider Lotan Holdings Inc. acquired 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 1st. The stock was purchased at an average price of $1.08 per share, for a total transaction of $37,800.00.

Institutional investors have recently modified their holdings of the company. Compagnie Lombard Odier SCmA raised its position in shares of AngloGold Ashanti Limited by 178.8% in the third quarter. Compagnie Lombard Odier SCmA now owns 7,250 shares of the mining company’s stock worth $115,000 after buying an additional 4,650 shares during the last quarter. Ellington Management Group LLC purchased a new position in shares of AngloGold Ashanti Limited during the fourth quarter worth $170,000. Rathbone Brothers plc raised its position in shares of AngloGold Ashanti Limited by 29.1% in the first quarter. Rathbone Brothers plc now owns 25,508 shares of the mining company’s stock worth $275,000 after buying an additional 5,750 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of AngloGold Ashanti Limited by 6.6% in the first quarter. Capstone Asset Management Co. now owns 25,650 shares of the mining company’s stock worth $276,000 after buying an additional 1,580 shares during the last quarter. Finally, Comerica Bank raised its position in shares of AngloGold Ashanti Limited by 13.3% in the fourth quarter. Comerica Bank now owns 23,099 shares of the mining company’s stock worth $278,000 after buying an additional 2,710 shares during the last quarter. 36.39% of the stock is currently owned by institutional investors.

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About AngloGold Ashanti Limited

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.

5 Day Chart for NYSE:AU

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