23,670 Shares in AngloGold Ashanti PLC (NYSE:AU) Acquired by AMF Tjanstepension AB

Key Points

• AMF Tjanstepension AB has acquired 23,670 shares of AngloGold Ashanti PLC, valued at approximately $884,000, indicating institutional interest in the mining company's stock.
• AngloGold Ashanti recently increased its semi-annual dividend from $0.69 to $0.80, providing a dividend yield of 610.0% to its investors.
• The stock has been rated by analysts with a mix of sell, hold, and buy ratings, with a consensus target price of $47.30.

AMF Tjanstepension AB purchased a new stake in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 23,670 shares of the mining company's stock, valued at approximately $884,000.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in AngloGold Ashanti by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 21,002,449 shares of the mining company's stock valued at $787,791,000 after purchasing an additional 145,125 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in AngloGold Ashanti by 274.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,133,744 shares of the mining company's stock valued at $118,448,000 after purchasing an additional 3,764,165 shares during the last quarter. Marshall Wace LLP grew its stake in AngloGold Ashanti by 3,767.1% during the 4th quarter. Marshall Wace LLP now owns 2,751,410 shares of the mining company's stock valued at $63,503,000 after purchasing an additional 2,680,261 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in AngloGold Ashanti by 68.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,569,868 shares of the mining company's stock valued at $59,313,000 after purchasing an additional 1,045,335 shares during the last quarter. Finally, Ninety One UK Ltd grew its stake in AngloGold Ashanti by 19.8% during the 1st quarter. Ninety One UK Ltd now owns 2,337,673 shares of the mining company's stock valued at $86,774,000 after purchasing an additional 386,078 shares during the last quarter. Hedge funds and other institutional investors own 36.09% of the company's stock.

AngloGold Ashanti Price Performance

Shares of AngloGold Ashanti stock traded down $1.29 during mid-day trading on Wednesday, reaching $55.96. 1,266,684 shares of the stock traded hands, compared to its average volume of 3,141,679. The business has a 50-day moving average of $48.91 and a 200 day moving average of $41.01. AngloGold Ashanti PLC has a fifty-two week low of $22.45 and a fifty-two week high of $59.19. The stock has a market capitalization of $23.49 billion, a PE ratio of 14.90 and a beta of 0.46. The company has a quick ratio of 1.57, a current ratio of 2.34 and a debt-to-equity ratio of 0.22.

AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its earnings results on Friday, August 1st. The mining company reported $1.25 EPS for the quarter, missing analysts' consensus estimates of $1.31 by ($0.06). The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.29 billion. AngloGold Ashanti had a net margin of 23.60% and a return on equity of 24.25%. On average, analysts predict that AngloGold Ashanti PLC will post 3.83 EPS for the current year.

AngloGold Ashanti Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be given a $0.80 dividend. This represents a dividend yield of 610.0%. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.69. The ex-dividend date is Friday, August 22nd. AngloGold Ashanti's dividend payout ratio (DPR) is currently 13.30%.

Analysts Set New Price Targets

AU has been the subject of several analyst reports. HSBC reissued a "reduce" rating and issued a $35.00 price objective on shares of AngloGold Ashanti in a report on Thursday, April 17th. JPMorgan Chase & Co. upped their price target on AngloGold Ashanti from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Scotiabank reaffirmed a "sector perform" rating and issued a $55.00 price target on shares of AngloGold Ashanti in a report on Monday. Wall Street Zen cut AngloGold Ashanti from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Roth Capital reaffirmed a "buy" rating on shares of AngloGold Ashanti in a report on Friday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, AngloGold Ashanti has an average rating of "Hold" and an average price target of $49.60.

AngloGold Ashanti Profile

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