Allianz Asset Management GmbH reduced its position in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) by 8.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,769,932 shares of the mining company's stock after selling 164,671 shares during the period. Allianz Asset Management GmbH owned about 0.42% of AngloGold Ashanti worth $65,700,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of AngloGold Ashanti by 22.9% during the fourth quarter. Vanguard Group Inc. now owns 20,857,324 shares of the mining company's stock valued at $467,795,000 after purchasing an additional 3,882,283 shares during the period. Dimensional Fund Advisors LP raised its holdings 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 worth $118,448,000 after buying an additional 3,764,165 shares during the period. Carrhae Capital LLP raised its holdings in AngloGold Ashanti by 170.0% during the 4th quarter. Carrhae Capital LLP now owns 3,459,193 shares of the mining company's stock worth $79,838,000 after buying an additional 2,177,783 shares during the period. Marshall Wace LLP raised its holdings 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 worth $63,503,000 after buying an additional 2,680,261 shares during the period. Finally, 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 acquiring an additional 1,045,335 shares in the last quarter. Institutional investors own 36.09% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on AU. Scotiabank lifted their price target on AngloGold Ashanti from $42.00 to $43.50 and gave the company a "sector perform" rating in a report on Monday, May 12th. Royal Bank Of Canada upped their price target on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. HSBC reiterated a "reduce" rating and set a $35.00 price target on shares of AngloGold Ashanti in a report on Thursday, April 17th. Roth Capital boosted their price objective on AngloGold Ashanti from $52.00 to $54.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. boosted their price objective on AngloGold Ashanti from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, AngloGold Ashanti presently has an average rating of "Moderate Buy" and a consensus price target of $45.08.
Check Out Our Latest Report on AngloGold Ashanti
AngloGold Ashanti Price Performance
AngloGold Ashanti stock traded up $1.26 on Tuesday, reaching $51.88. The company's stock had a trading volume of 2,640,846 shares, compared to its average volume of 2,908,773. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.57 and a current ratio of 2.34. The company has a market cap of $21.78 billion, a price-to-earnings ratio of 17.28 and a beta of 0.48. The business's fifty day moving average price is $45.65 and its 200 day moving average price is $37.99. AngloGold Ashanti PLC has a twelve month low of $22.45 and a twelve month high of $52.01.
AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The mining company reported $0.88 earnings per share (EPS) for the quarter. AngloGold Ashanti had a return on equity of 21.18% and a net margin of 21.09%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.84 billion. Equities analysts expect that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.
AngloGold Ashanti Cuts Dividend
The firm also recently declared a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 1.14%. AngloGold Ashanti's dividend payout ratio (DPR) is currently 16.45%.
AngloGold Ashanti Company Profile
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Free Report)
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.
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